TechFlow news, May 8 — According to The Block, the board of DeFi Development Corp. (Nasdaq: DFDV) approved a 7-to-1 stock split on Wednesday. The split will increase the company's outstanding shares from approximately 2 million to 14 million and is expected to take effect on May 20. Recently, the company has acquired 82,404.5 SOL, bringing its total holdings to 400,000 SOL, and plans to acquire a Solana validator business, aligning with its strategy of accumulating SOL and owning infrastructure. The company, formerly known as Janover, aims to become a representative firm in the "Solana strategy."
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