DeFi Development Corporation Embraces Crypto with New Identity and Investments
DeFi Development Corporation, previously Janover inc.,has unveiled a new corporate identity. The change reflects its mission to create a transparent, crypto-focused treasury strategy for public market investors.
The company has also made a significant investment, buying $11.5 million worth of Solana (SOL).This boosts its total SOL holdings to about $34.4 million. The ticker symbol will switch to “DFDV” on Nasdaq soon, but shareholders don’t need to take any action.
CEO Joseph Onorati said, “This is a new era for our business.We aim to bring crypto-native capital allocation to the public markets, and our name change shows this dedication.” The stock price rose by 10% to $43.50 per share following the proclamation.
defi Development Corporation is launching a new website, www.defidevcorp.com, to share details about its treasury. This includes real-time Solana balances, staking data, and SOL per share.
As of April 22, the company owns 251,842 SOL, or 0.17 SOL per share, worth $23.47 each—a 62% rise from the last report. The latest SOL purchase was funded by a $42 million raise.All new SOL will be staked to earn rewards and support network security. The company plans to run Solana validators to deepen its involvement in the ecosystem.
While its real estate SaaS platform is still active, the company’s shift positions it as a publicly traded crypto treasury vehicle. this offers Solana exposure to both institutional and retail investors.
