DeFi Development Increases Its Holdings by $11.2 Million in SOL, Reaching Over 400K Tokens
By Francisco Rodriguez | Edited by Steven Alpher May 6, 2025, 2:47 PM
Formerly known as Janover (JNVR), DeFi Development Corporation (DFDV) has added an additional 82,404 Solana (SOL) tokens to its holdings, increasing its total holdings to 400,091 SOL.
With the current SOL token price at $143, the company’s assets are worth over $57 million.
The new tokens include locked SOL purchased through BitGo’s OTC desk, according to a press release. These tokens cannot be transferred to the blockchain until they are unlocked, but they can still be sold through OTC trading between institutions, the company says.
The corporation noted that it plans to use these assets to generate income.
The accumulation comes after the company acquired a validator operation earlier this week, which it intends to use to self-stake its entire SOL treasury and generate “native cash flow for the protocol.”
DFDV shares fell 3.8% in morning trading on Tuesday, as SOL shares fell 2%.
Your email address will not be published. Required fields are marked *
[…] January 2022, the number of cryptocurrencies existing in the market increased by 1 thousand. This implies that each new…
Your writing is like a breath of fresh air in the often stale world of online content. Your unique perspective…
I would like to share my story and express my great gratitude to Maria. My husband Alexander was literally taken…