DeFi Development Adds $11.2M in SOL, Bringing Holdings to More Than 400K Tokens
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Formerly known as Janover (JNVR), DeFi Development Corporation (DFDV has added an additional 82,404 solana (SOL) tokens to its treasury, pushing its total holdings to 400,091 SOL.
At SOL's current price of $143, the company stack is worth more than $57 million.
The newly acquired tokens include locked SOL, purchased through BitGo’s over-the-counter desk, according to a press release. These tokens can’t be moved on-chain until unlocked, but they can still be traded over-the-counter between institutions, the firm said.
The company said it plans to stake these assets to generate yield.
The accumulation follows the acquisition of a validator operation earlier this week, which it will use to self-stake its entire SOL treasury and generate “protocol-native cashflow.”
DFDV shares are lower by 3.8% in Tuesday morning trade alongside SOL's 2% price decline.
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