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DeFi Development Corp bought 172,670 SOL for $23.6 million.
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Its total Solana holdings now exceed $100 million.
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The company recently completed a $24 million private placement to fund more purchases.
Aggressive Solana Accumulation Strategy
DeFi Development Corp, a former real estate software company now focused on crypto, has purchased 172,670 SOL, valued at $23.6 million. This brings its total Solana holdings to 595,988 SOL—worth over $100 million including staking rewards.
Backed by Private Capital and a Strategic Shift
The acquisition follows a $24 million private placement to support Solana accumulation and broader corporate objectives. The firm rebranded in April after a group of former Kraken executives took control, shifting its focus to becoming a Solana-centric crypto treasury entity.
Validator Acquisition and Ticker Change
The company also disclosed plans to acquire a Solana validator business for $3.5 million, enabling it to self-stake and further optimize its holdings. Its Nasdaq ticker has changed from JNVR to DFDV to reflect its new identity in the crypto space.
