Brief
- The company will issue six additional actions per existing action, in force on May 20.
- His stock increased from $ 4 to $ 70 in a month in the middle of a cryptography pivot.
- The company holds $ 58 million on the ground and recently acquired a validator company.
Defu Development Corp., a real estate software company listed on the stock market which has become a crypto detention vehicle, said on Wednesday that it would run a splitting of shares 7 per 1 later this month, capping a frantic pivot in the Solana blockchain ecosystem which fueled an amazing rally in its stock market.
The split, approved by the board of directors and the pending regulatory steps, will take effect on May 20.
The registration shareholders of May 19 will receive six additional shares for each action they have, increasing the actions in circulation by approximately 2 million to more than 14 million.
The company said in a press release that its number of authorized action would remain unchanged.
In April, the company adopted a digital asset treasury strategy focused on long -term accumulation, starting with Solana.
He then renamed Janover to Defi Development Corp. To reflect his change to crypto -oriented operations. Defi Dev Corp. is negotiated on Nasdaq under the Ticker DFDV.
The actions of the company – well known as Janover Inc. – climbed more than 1,700% in just over a month, closing 3% on Wednesday at $ 79.31.
This decision follows the announcement by Defi Dev Corp. of a new cash strategy centered on Solana, including the purchase of more than 400,000 soil, of a value of around 58 million dollars now, and the acquisition of a validator company with 500,000 soil at the game.
“Spring is part of an effort to improve liquidity and make the DFDV more accessible within the framework of our mission to scale the ground accumulation and the property of the validator”, the company poster Wednesday on X.
The acquisition of 3.5 million dollars validators was mainly paid in limited shares and one day came before the company disclosed an additional soil purchase of $ 11.2 million.
The leaders said that the validator’s infrastructure provides native cash flow flows and deepened alignment with decentralized networks.
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