Crypto trading
Reading Time: 2 minutes
- DeFi Development Corporation has bumped its SOL holdings by over 80,000 tokens
- The latest purchase is worth more than $11 million, bringing the corporation’s total SOL holdings to over 400,000 tokens valued at roughly $58 million
- The corporation has also acquired an unnamed Solana validator for $3.5 million
DeFi Development Corporation, an AI-powered software company formerly known as Janover, has increased its SOL holding by over 80,000 tokens. The tokens are valued at $11.2 million, bringing the corporation’s total holding to 400,000 tokens worth around $58.5 million. The corporation also recently acquired a Solana validator with a delegated SOL stake of roughly 500,000 SOL, indicating its intentions to venture deeper into the Solana ecosystem.
Crypto trading A Crypto-Forward Treasury Strategy
DeFi Development Corp. revealed that the latest purchase is part of its “crypto-forward treasury strategy,” adding that it has staked “all newly acquired SOL” to earn passive income “while helping secure the Solana network.”
1/ The $SOL stackin’ saga continues! 📈
DeFi Dev Corp has purchased another 82,404.50 $SOL worth ~$11.2M as part of our crypto-forward treasury strategy.
Our total holdings now stand at 400,091 $SOL (including staking rewards), or roughly $58.5 M. pic.twitter.com/eVV25M5WPK
— DeFi Dev Corp. (@defidevcorp) May 6, 2025
The corporation noted that some of its acquired tokens are locked or “held under contractual restrictions.” These tokens can only be transferred when the lockup period ends.
On May 5, the corporation disclosed that it had acquired a Solana validator to advance its Solana treasury strategy. It also revealed that it’ll rebrand the validator to “DeFi Development Corp.” and self-stake its holdings.
1/ Today, we announce that we’ve acquired a Solana validator business with an average delegated stake of 500,000 $SOL ($72.5M).
The purchase will help accelerate our treasury strategy, expanding our $SOL exposure while reinforcing Solana’s decentralized infrastructure. 📈 pic.twitter.com/axrtjTig3Q
— DeFi Dev Corp. (@defidevcorp) May 5, 2025
The corporation’s CIO, Parker White, said the acquisition strengthens the corporation’s interaction with the “infrastructure underpinning tomorrow’s decentralized economy.” White added that the move puts the company at the core of the Solana blockchain.
Crypto trading No Bitcoin on the Books
The company has adopted a treasury policy that recognizes SOL as the principal holding on its balance sheet. The move is a deviation from most companies like Strategy that prefer holding BTC.
DeFi Development Corporation’s decision to acquire more SOL and a validator comes at a time when public companies are looking for ways to expose their investors to the crypto and web3 world. It also comes as crypto and blockchain companies are looking to go public to attract more investments.
With DeFi Development Corporation turning to SOL, it’s to be seen whether other public companies will follow suit and invest in other coins apart from BTC.
