DeFi Development Corporation, formerly known as Janover, announced on April 22, 2025, that it has added 88,164 Solana (SOL) tokens to its treasury, valued at approximately $11.5 million. This addition brings the company’s total treasury holdings to $34.4 million. The company plans to stake these tokens to generate additional returns.
Since its acquisition by former Kraken executives on April 7, DeFi Development Corporation has been actively increasing its Solana holdings. This includes a significant purchase on April 16, 2025, where the company acquired SOL tokens worth $10.5 million. As of now, the company’s total holdings have reached 251,842 SOL.
This move led to a 12.83% increase in the company’s stock price (ticker: JNVR), reflecting market optimism over its strategic expansion into the cryptocurrency space.
Solana, known for its scalability and low transaction fees, has been a popular choice for blockchain projects. As of April 21, 2025, the total amount of Solana staked exceeds $53.9 billion, with an annualized yield of 8.31%.
DeFi Development Corporation’s latest actions signal a growing trend among companies incorporating cryptocurrency into their asset portfolios and leveraging staking for yield generation.