DeFi Development Corporation, formerly known as Janover, is enhancing its Solana treasury strategy with a recent acquisition of 88,164 Solana (SOL) valued at $11.5 million. This purchase increases the company's holdings in Solana to 251,842 SOL, worth a total of $34.4 million. Following this announcement, the company's shares (JNVR) surged by approximately 12.83%. The DeFi Development Corporation is pivoting towards cryptocurrency investments after its recent buyout led by Kraken executives, moving away from its previous focus on real estate financing. The firm plans to stake its Solana tokens to generate yields, reflecting a growing trend among companies adopting crypto treasury strategies to enhance asset diversification. In the broader ecosystem, firms like Metaplanet and Semler Scientific have also explored incorporating Bitcoin into their balance sheets, similarly impacting their stock performance.

Source 🔗