According to ChainCatcher, citing GlobeNewswire, the Nasdaq-listed DeFi Development Corporation (stock code: JNVR) announced the purchase of 88,164 Solana (SOL), valued at approximately $11.5 million. After this purchase, the company's total SOL holdings reached 251,842, with a total value of around $34.4 million (including staking rewards).
The company stated that the newly acquired SOL will be immediately staked to provide security for the Solana network while generating native rewards. This transaction is part of the company's recently completed $42 million financing plan. According to the asset reserve policy approved by the board of directors on April 4, the company plans to accumulate crypto assets long-term and will operate one or more Solana validator nodes to achieve asset staking and network security contribution.
