DEFI Development Corp (NASDAQ: JNVR), formerly known as Janover, aggressively widens its Treasury of Solana (soil), pointing its strategic pivot more towards the cryptocurrency market following a recent recovery of the former managers of Kraken. The company announced today the purchase of additional 6,305 soil, estimated at around $ 9.9 million.
This last acquisition stimulates Total Solana Holdings from Defu Development Corp to an impressive 317,273 soil. This follows a previous announcement on April 22, where the company revealed the purchase of 88,164 soil worth $ 11.5 million, which had already triggered a leap of 12% from the course of its shares.
The rapid accumulation of Solana of the company began after a takeover on April 7 by a team of former leaders of the Kraken cryptocurrency exchange. This acquisition marked a clear change in the orientation of the company of its previous operations in the real estate financing sector to a crypto-centric strategy, Solana being identified as the main asset of its reserve treasure.
Since this strategic overhaul, Defu Development Corp has executed several substantial purchases of Solana, including an acquisition of $ 10.5 million on April 16. The company explicitly indicated its intention to set up its holding soil, a cryptocurrency locking process to support the blockchain network and to obtain an additional return. Solana recently experienced a significant ignition activity, briefly exceeding Ethereum in a total additional value with a substantial annualized return.
The reaction of the market to the targeted accumulation of Solana de Development Corp was extremely positive. The coherent increases in equity prices following each major purchase highlight an increasing appetite for investors for listed companies with a clear and aggressive cryptocurrency treasury strategy, in particular that centered on a prominent Altcoin like Solana.
Other companies, such as the Upexi, also begin to explore the diversification of their digital asset strategies beyond Bitcoin, more validating the growing treasure of corporate cryptographic treasures.
Sol is currently negotiated at $ 147.81, 2.27% down day overnight but 9.42% in last week.
