- DeFi Dev Corp now holds 251,842 SOL after a fresh $11.5M acquisition move.
- The company plans to stake all SOL holdings, earning yield while securing Solana.
- Shares rose 12% after the announcement, signaling strong investor confidence.
DeFi Development Corporation, formerly Janover (NASDAQ: JNVR), has acquired 88,164 Solana (SOL) for approximately $11.5 million. This brings its total holdings to 251,842 SOL, valued at over $34 million with staking rewards, as confirmed by SolanaFloor in a treasury strategy update.
This accumulation signals increased institutional interest in Solana’s ecosystem amid market recovery and rising staking yields. Shares of DeFi Dev Corp jumped over 12% after the news, reflecting investor support for the blockchain integration.
Janover Rebrands and Advances Solana-Based Treasury Plans
As reported by Global Newswire, DeFi Dev Corp’s updated strategy follows its recent rebrand and acquisition by former Kraken executives. The April 22 announcement detailed the company’s intent to accumulate crypto assets, beginning with SOL.
The 251,842 SOL will be staked immediately to generate native yield and reinforce Solana’s network security. The company aims to operate validators, enabling long-term SOL exposure and on-chain participation.
The firm revealed key financial metrics, including a SOL per share (SPS) of 0.17, valued at $23.47. The SPS metric showed 62% growth since its last SOL acquisition, signaling effective capital deployment.
The strategy also includes reinvesting staking rewards and building validator infrastructure as part of its long-term on-chain commitment. This positions DeFi Dev Corp as a hybrid financial-tech entity with a direct Solana footprint.
Crypto Firms Increase Exposure to Solana in Treasury Models
The trend of crypto treasury diversification has accelerated since firms like MicroStrategy added Bitcoin to their balance sheets. Solana now joins Bitcoin as a key treasury asset among publicly listed firms targeting on-chain yield.
Other firms, such as Upexi and Metaplanet, have disclosed similar treasury strategies to diversify away from traditional cash holdings. With over $53.9 billion SOL staked globally, the network offers yields up to 8.31% annually.
DeFi Dev Corp’s pivot echoes broader institutional interest in scalable layer-1s with lower fees and validator incentives. SOL’s performance and staking appeal continue to draw treasury capital amid rising blockchain utility.
