Publicly traded AI-powered real estate software company DeFi Development Corp. (formerly Janover) added to its flurry of strategic Solana moves Tuesday by announcing that it purchased another $11.2 million worth of SOL—one day after it announced the acquisition of a Solana validator company.
The firm’s latest purchase added 82,405 SOL at an average price of $135.58, bringing its total Solana holdings to more than 400,000 tokens valued above $58 million.
“The SOL stackin' saga continues!” the company posted on X (formerly known as Twitter). “All newly acquired SOL is being staked immediately on our validators, meaning we're earning native yield while helping secure the Solana network.”
On Monday, the firm announced the acquisition of an unnamed Solana validator business for $3.5 million, paid with $3 million in restricted DFDV stock and $500,000 in cash. The acquired network validators come with an average delegated stake of around 500,000 SOL.
“This acquisition doesn’t just add a new line of protocol-native cash flow—it amplifies our alignment with the infrastructure underpinning tomorrow’s decentralized economy,” the company’s CIO and COO Parker White said in a statement.
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“Owning and operating validators with significant delegated stake puts us at the core of Solana," he added, "while furthering our mission of effectively accumulating SOL to deliver superior risk-adjusted returns relative to holding SOL directly."
The firm’s alignment with crypto and Solana in particular has happened rapidly over the course of the last month.
In April, the company adopted its new digital assets treasury plan that allows it to accumulate crypto assets with a long-term plan, starting with Solana. After multiple SOL purchases, the firm changed its name from Janover to DeFi Development Corporation to better signal its commitment to crypto.
Since that time, the company has announced more Solana purchases and creative financing solutions to accelerate its treasury’s SOL stockpile.
The firm trades publicly on the Nasdaq exchange under the ticker DFDV, having changed from JNVR on Monday.
Shares were up about 1% at close Tuesday at a price of $72.74, rising over 1,700% in the last month.
Solana is down 0.5% in the last 24 hours to a price of about $146. The sixth-largest crypto asset by market cap sits about 50% off its January all-time high of $293.31.
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