DeFi Development Corporation, formerly Janover, is enhancing its Solana treasury strategy after a buyout by Kraken executives. On April 22, the company announced it added 88,164 Solana (SOL) tokens worth $11.5 million, increasing its total Solana holdings to $34.4 million. Following the acquisition, DeFi Development Corporation transitioned from real estate financing to a crypto-focused strategy, including a Solana-based treasury. The firm now plans to stake its SOL tokens for yield generation. The announcement resulted in a 12.83% increase in the company's stock price, JNVR. As of April 21, Solana's staking ecosystem is substantial, with over 500,000 unique wallet holders staking SOL tokens that yield an annualized return of 8.31%. The trend of companies adopting crypto treasury strategies has been growing, with various firms experiencing a boost in stock prices after announcing their treasury plans. Other companies are exploring similar models with cryptocurrencies like Bitcoin and Solana to diversify their assets.

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