Solana Purchase for Balance Sheet Strengthens as DeFi Expansion Boosts Holdings to $48M

Formerly known as Janover, the company has been actively acquiring SOL tokens at discounted rates to bolster its long-term cryptocurrency portfolio.

DeFi Development Corp has now increased its Solana holdings by $9.9 million, bringing the total number of tokens in its treasury to 317,273, valued at $48 million. The recent purchase was facilitated through BitGo's over-the-counter desk, allowing the firm to secure locked SOL tokens below market prices.

Transitioning from real estate data services, the company has shifted its focus towards the Solana ecosystem. By mimicking Michael Saylor's bitcoin strategy, it is now offering investors direct exposure to SOL through its balance sheet.

Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M

The firm, formerly known as Janover, continued its buying spree for its long-term crypto holdings acquiring locked SOL tokens below spot prices

• DeFi Development Corp added $9.9 million in Solana's SOL to its treasury, raising its total holdings to 317,273 tokens worth $48 million.
• The company, formerly known as Janover, said it made the purchase through BitGo's over-the-counter desk, acquiring locked SOL at below market prices.
• The firm pivoted from real estate data to focus on the Solana ecosystem, now offering investors direct exposure to SOL through its balance sheet, taking a page from Michael Saylor's bitcoin-centered Strategy.