DeFi Development Company introduced Monday it has bought 172,670 Solana tokens for about $23.6 million, marking its largest single crypto acquisition up to now.
The transfer brings the corporate’s whole Solana (SOL) holdings to 595,988, valued at roughly $102.7 million, together with staking rewards, the corporate said.
The newest purchase is a part of DeFi Dev Corp’s digital asset treasury technique, launched following its rebrand from Janover Inc. earlier this 12 months.
Below the leadership of former Kraken government, together with CEO Joseph Onorati and CIO Parker White, the corporate has pivoted from conventional actual property SaaS to working as a public crypto treasury car with a give attention to Solana.
As of Could 12, 2025, the agency studies 2,037,531 shares excellent, translating to 0.293 SOL per share — or $50.42 at present valuation. All acquired tokens are staked throughout a spread of validators, together with the corporate’s personal, in order to generate yield and assist Solana community operations.
For the reason that information of its Solana purchases, DeFi Dev Corp’s inventory has surged over 2200%.
10 Solana purchases
This marks the corporate’s tenth SOL buy because the technique launched, following earlier investments together with an $11.5 million purchase in April, funded by a $42 million elevate.
The agency’s web site now provides real-time updates on treasury metrics, together with SOL balances and staking knowledge.
“Our mission is to deliver clear, crypto-native capital allocation into the general public markets,” mentioned Onorati in a earlier assertion. DeFi Dev Corp’s staking and validator operations intention to each assist the Solana ecosystem and ship yield to shareholders.
With its present holdings, DeFi Dev Corp is among the many largest publicly traded holders of Solana. The corporate plans to proceed updating traders on its treasury and techniques by way of public filings and its devoted digital asset disclosures platform.
