DEFI Development Corporation announced on Monday that it had bought 172,670 Solana tokens for around $ 23.6 million, marking its greatest crypto acquisition to date.
This decision brings Solana’s assets (soil) of the company to 595,988, worth around $ 102.7 million, including staunch awards, the company said.
The latest purchase is part of the Treasury Digital Asset Treasury strategy of Defi Dev Corp, launched following its change of brand of Janover Inc. earlier this year.
Under the direction of the former manager of Kraken, whose CEO Joseph Onorati and the CIO Parker White, the company has gone from the traditional real estate SaaS to operate as an cryptographic public vehicle by putting the emphasis on Solana.
As of May 12, 2025, the company reports 2,037,531 shares in circulation, resulting in 0.293 soil per share – or $ 50.42 to the current evaluation. All acquired tokens are marked in a range of validators, including own people, in order to generate a return and support the operations of the Solana network.
Since the news of its Solana purchases, Devi Dev Corp’s shares have increased by more than 2,200%.
10 Solana purchases
This has marked the company’s 10th floor purchase since the launch of the strategy, following previous investments, including a purchase of $ 11.5 million in April, funded by an increase of $ 42 million.
The company’s website now provides real -time updates to treasury measures, including soil sales and data implementation.
“Our mission is to bring a transparent and crypto-public allowance of capital on public procurement,” said Onorati in a previous statement. DEFI DEFI DEF CORP’s clearing and validator operations aim to both support the Solana ecosystem and to provide a return to shareholders.
With its current participations, Devi Dev Corp is among the biggest holders of Solana listed on the stock market. The company plans to continue to update investors on its treasure and strategies via public deposits and its platform dedicated to digital asset disclosure.
