DeFi Development Corporation Acquires $11.5 Million in Solana, Expands Total Holdings to $34.4 Million
DeFi Development Corporation (Nasdaq: JNVR), formerly known as Janover, has announced the acquisition of 88,164 Solana (SOL) tokens valued at approximately $11.5 million. This purchase increases the company’s total SOL holdings to 251,842 tokens, with an estimated value of $34.4 million, inclusive of staking rewards.
As of April 22, 2025, the company reported a SOL per share (SPS) ratio of 0.17, equating to a valuation of $23.47 per share—a 62% increase since its previous acquisition.
The newly acquired tokens will be immediately staked to generate yield and contribute to the security of the Solana network. This investment follows the company’s successful completion of a $42 million financing round and aligns with its treasury management policy, approved on April 4, 2025. The policy emphasizes long-term accumulation of digital assets, with Solana as the initial focus.
In addition to its staking activities, DeFi Development Corporation plans to operate one or more Solana validators, further deepening its participation in the ecosystem and enabling reinvestment of staking rewards into its crypto asset st
rategy.
