DeFi Development Corporation, a publicly traded company in the US, purchased $11.5 million worth of Solana

2025-04-23 00:03:13

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ChainCatcher news, according to GlobeNewswire, Nasdaq-listed DeFi Development Corporation (stock code: JNVR) announced the purchase of 88,164 Solana (SOL) for approximately $11.5 million. Following this purchase, the company's total holdings of SOL reached 251,842, with a total value of about $34.4 million (including staking rewards).

The company stated that the newly acquired SOL will be immediately staked, providing security to the Solana network while earning native rewards. This transaction is part of the company's recent $42 million financing plan. According to the funding reserve policy approved by the board on April 4, the company plans to accumulate cryptocurrency assets in the long term and will operate one or more Solana validator nodes to achieve asset staking and contribute to network security.

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