DeFi Development Corp (Nasdaq: JNVR), formerly known as Janover, is aggressively expanding its Solana (SOL) treasury, further signaling its strategic pivot towards the cryptocurrency market following a recent takeover by former Kraken executives. The company announced today the purchase of an additional 65,305 SOL, valued at approximately $9.9 million.
This latest acquisition boosts DeFi Development Corp’s total Solana holdings to an impressive 317,273 SOL. This follows a prior announcement on April 22nd, where the company revealed the purchase of 88,164 SOL worth $11.5 million, which had already triggered a 12% jump in its stock price.
The company’s rapid accumulation of Solana began after a buyout on April 7th by a team of former executives from the cryptocurrency exchange Kraken. This acquisition marked a clear shift in the company’s focus from its previous operations in the real estate financing sector towards a…
