{"id":23233,"date":"2025-04-22T16:47:13","date_gmt":"2025-04-22T16:47:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23233"},"modified":"2025-04-22T16:47:13","modified_gmt":"2025-04-22T16:47:13","slug":"janover-buys-another-11-5m-in-sol-gets-renamed-amid-crypto-treasury-strategy-play","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23233","title":{"rendered":"Janover Buys Another $11.5M in SOL, Gets Renamed Amid Crypto Treasury Strategy Play"},"content":{"rendered":"<div>\n<p>Janover (JNVR), the real estate-focused fintech company with a Solana (SOL) treasury strategy, has been <a href=\"https:\/\/ir.janover.co\/content\/news\/Janover-Inc-Announces-Corporate-Name-Change-to-DeFi-Development-Corporation\">renamed<\/a> to DeFi Development Corp and <a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/04\/22\/3065636\/0\/en\/DeFi-Development-Corporation-Purchases-Approximately-11-5-Million-of-Solana-SOL-as-Part-of-New-Treasury-Strategy.html\">purchased<\/a> another $11.5 million worth of SOL tokens, the firm said on Tuesday.<\/p>\n<p>The move brings the company&#8217;s total SOL holdings to 251,842, including staking rewards, the company said. That&#8217;s valued at around $36.5 million, with SOL currently trading around $145.<\/p>\n<p>JNVR shares were down 2.5% today at $38.3, well below last week&#8217;s peak just shy of $80. However, the stock is still up over 800% since adopting the crypto treasury strategy. SOL advanced nearly 5% over the past 24 hours, with the broader crypto market climbing higher.<\/p>\n<p>The purchase was part of the Boca Raton, Florida-based company&#8217;s new crypto bet to position itself as the first U.S.-listed company with a treasury strategy centered on Solana and its native token SOL. <\/p>\n<p>As part of the strategy, the firm seeks to accumulate SOL and operate one or more validators to secure the blockchain. The pivot happened after a team of former executives of crypto exchange Kraken bought a majority stake in the firm earlier this month.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/15\/janover-takes-page-from-saylor-playbook-doubling-sol-stack-to-usd20m-as-stock-soars-1700\">Janover Takes Page From Saylor Playbook, Doubling SOL Stack to $20M as Stock Soars 1700%<\/a><\/em><\/strong><\/p>\n<p>The purchase was made using funds from a $42 million financing round the company completed earlier this year. Based on the latest figures, each share of the company represents 0.17 SOL, up 62% from its last crypto purchase, according to the press release. <\/p>\n<p>The firm will also change its ticker to DFSV on the Nasdaq exchange at a future date to reflect its new name.<\/p>\n<p>Last week, the company announced a <a href=\"https:\/\/ir.janover.co\/content\/news\/Janover-Announces-Strategic-Partnership-with-Kraken\">strategic partnership with Kraken<\/a> with plans to delegate part of the exchange&#8217;s SOL holdings to stake to validators operated by DeFi Development Corp. The firm also teamed up with <a href=\"https:\/\/ir.janover.co\/content\/news\/Janover-Partners-with-BitGo-to-Accelerate-SOL-Accumulation-via-Locked-Token-Markets\">BitGo to acquire locked tokens<\/a> via over-the-counter markets.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Janover (JNVR), the real estate-focused fintech company with a Solana (SOL) treasury strategy, has been renamed to DeFi Development Corp and purchased another $11.5 million worth of SOL tokens, the firm said on Tuesday. The move brings the company&#8217;s total SOL holdings to 251,842, including staking rewards, the company said. That&#8217;s valued at around $36.5 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-23233","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23233"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23233\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}