Janover, a real estate-focused fintech company, has rebranded as DeFi Development Corp and purchased an additional 88,164 SOL tokens, amounting to $11.5 million. This acquisition is part of its strategy to establish a treasury revolving around Solana, following a management shift that involved former Kraken executives. With this purchase, the company's total holdings in SOL have risen to 251,842 tokens, valued at approximately $36.5 million in total. Despite JNVR shares dropping 2.5% to $38.3, the stock has surged over 800% since initiating this crypto treasury strategy. Simultaneously, SOL experienced a 5% increase as the broader cryptocurrency market rallied. The move is intended to enhance its operations with one or more validators supporting the Solana blockchain. A notable financing round of $42 million earlier this year funded this acquisition. Janover aims to further innovate in the crypto space by delegating some of its SOL holdings to validators, reinforcing its new strategic direction.

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