Janover Renamed DeFi Development Corp, Purchases $11.5M in SOL Tokens
Janover (JNVR) has been renamed to DeFi Development Corp and acquired $11.5 million in SOL, increasing total holdings to 251,842 SOL, valued at approximately $36.5 million.
- Current SOL price is around $145.
- JNVR shares fell 2.5% to $38.3 but are up over 800% since adopting the crypto treasury strategy.
- SOL rose nearly 5% in the last 24 hours; broader crypto market is also up.
- The firm aims to accumulate SOL and operate validators on the blockchain.
- Acquisition funded through a $42 million financing round earlier this year.
- Each share now represents 0.17 SOL, a 62% increase from the last purchase.
- Ticker will change to DFSV on Nasdaq in the future.
- Last week, announced a strategic partnership with Kraken for staking SOL holdings.
- Partnered with BitGo to acquire locked tokens via OTC markets.