TechFlow news, April 23 — According to Globe Newswire, Nasdaq-listed DeFi Development Corporation (formerly Janover, ticker: JNVR) announced the purchase of 88,164 Solana (SOL) tokens, worth approximately $11.5 million. Following this acquisition, the company’s total holdings of SOL reach 251,842 tokens, with a total value of approximately $34.4 million (including staking rewards).
The company stated that the newly acquired SOL will be immediately staked to secure the Solana network and generate native yield. This transaction forms part of the company’s recently completed $42 million financing initiative. Under the capital reserve policy approved by the board on April 4, the company plans to accumulate digital assets long-term and operate one or more Solana validator nodes to support staking activities and contribute to network security.
