💻 The publicly traded real estate software company DeFi Development Corp. increased its reserves of Solana (SOL) by over 110,000 SOL, worth approximately $18.4 million.
💰 This brings the total amount of Solana the company owns to approximately 1,293,562 SOL, worth over $215 million at current Solana prices.
📈 Dan Kang, the company’s head of investor relations, said they are focused on increasing the amount of SOL per share as quickly and efficiently as possible, taking advantage of favorable market conditions to buy.
💵 The purchase was financed from available cash and from the proceeds of a $5 billion equity line of credit.
📊 Over the past month, the company increased its "Solana per Share" metric by 47% to reach 0.0618 SPS.
🎯 The company's goals include reaching 0.165 SPS by June 2026 and 1 SOL per share by December 2028.
🔄 The company changed its name from Janover to DeFi Development Corp to reflect its new focus on digital currencies.
🤝 In addition to purchasing, the company acquired a Solana validator project and established a $5 billion line of credit to expand its purchases.
🚀 The company aims to develop a business model that goes beyond what MicroStrategy has followed, by expanding verification operations, integrating DeFi services, and developing initiatives to enhance the accumulation of SOL per share.
📈 The price of DFDV shares rose today by 9.59% to $15.38, with a 33% decline in the last month, but investors have made profits exceeding 2000% since the beginning of the year.
🔄 The price of Solana rose by 2.3% in the past 24 hours but fell by 10.7% over the last week to reach $165.46.