DFDV Stock News: SOL Holdings Over 400K Tokens
DeFi Development Increases Its Holdings by $11.2 Million in SOL, Reaching Over 400K Tokens
Formerly known as Janover, the company's SOL assets are valued at more than $57 million at current market prices.
By Francisco Rodriguez | Edited by Steven Alpher May 6, 2025, 2:47 PM
What you should know:
- DeFi Development Corporation Adds 82,000 SOL, Bringing Total Treasury Supply to Over 400,000 Tokens
- Part of the SOL was obtained by the company through over-the-counter transactions with locked tokens.
- The new assets will be used to generate income as part of the Treasury's long-term strategy.
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%.
