EXCLUSIVE: DeFi Development Adds $9.9 Million In Solana Tokens Underscoring Its Commitment Towards Digital Asset Treasury Strategy
DeFi Development Corporation (formerly Janover) (NASDAQ:JNVR) announced on Wednesday that it will purchase approximately 65,305 Solana (CRYPTO: SOL) tokens.
Following the transaction, DeFi Development Corporation now holds approximately 317,273 SOL, valued at $48.2 million, including staking rewards. Other metrics include:
- Total Shares Outstanding: Approximately 1.5M
- SOL per share (SPS): 0.22, valued at $32.88 per share.
- SOL/share growth (SPS growth vs. last purchase): 40%.
A portion of the Solana acquired includes locked SOL sourced via BitGo’s OTC desk, which facilitates purchases from institutional sellers subject to time-based unlock schedules.
Any tokens acquired through this program will be held on a long-term basis and staked to generate native yield.
Locked SOL refers to tokens held under contractual restrictions, typically from vesting schedules, bankruptcies, venture allocations, or project-specific lockups.
These tokens cannot be transferred on-chain …
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