MicroStrategy in the Solana world acquires SOL verification platform to create cash flow, and DFDV has increased more than tenfold

Following MicroStrategy's Bitcoin reserve strategy's massive success, a new wave of SOL reserve strategy has emerged. DeFi Development Corp. (stock code DFDV), led by a former Kraken executive, is currently raising $1 billion to massively purchase Solana. Additionally, the company acquired a SOL validator platform for $3.5 million, with its staking rewards to be integrated into the company's income stream, and its stock price has surged over tenfold.

DFDV Acquires SOL Validator Platform

DeFi Development Corp. (stock code DFDV), formerly named Janover, was a company focused on commercial real estate financing. Recently, it completed a transformation, officially entering the cryptocurrency market in early April and adopting a new financial strategy focused on acquiring and staking Solana (SOL) tokens.

DeFi Development Corp. announced that it has reached a final agreement to acquire a validator business platform with approximately 500,000 SOL (about $5 million) for $3.5 million, to be paid through a combination of $3 million in restricted DFDV stock and $500,000 in cash. After completion, the validator business will be renamed DeFi Development Corp., with its staking rewards to be integrated into the company's income stream, and all SOL owned by DeFi Development Corp. will be staked through the newly acquired validator business.

This acquisition marks a key strategic expansion of DeFi Dev Corp.'s role in the Solana network—enabling the company to directly earn SOL rewards by validating transactions and securing the network. DeFi Dev Corp's CIO and COO Parker White stated: "This acquisition not only adds a new protocol-native cash flow but also enhances our alignment with the infrastructure supporting the future decentralized economy. Owning and operating a validator with significant delegated stake puts us at the core of Solana—while further advancing our mission of effectively accumulating SOL to provide superior risk-adjusted SOL holding returns."

DFDV Emulates MicroStrategy, Seeks to Raise $1 Billion to Buy SOL

DeFi Dev Corp. has become a unique public market tool for accumulating Solana's native token SOL. This acquisition will further help market participants gain transparent exposure to one of the most performant layer-one ecosystems in the digital asset industry. DeFi Dev Corp. currently holds approximately 317,273 SOL, valued at around $47.9 million.

DeFi Dev Corp. recently filed a $1 billion shelf offering with the SEC, which will allow the company to issue stocks or bonds in stages to raise more funds to purchase Solana tokens.

SOL Reserve Strategy Companies Emerging, DFDV Surges Over Tenfold

DeFi Dev Corp.'s strategy has made it one of the first listed companies to adopt Solana as a corporate financial strategy, along with others like Sol Strategies, Upexi, and Galaxy Digital, which also view Solana as a potential growth opportunity.

Upexi, backed by the renowned crypto market maker GSR, has also seen its stock price surge fourfold, demonstrating the rapidly increasing examples of crypto companies quickly profiting from this new investment method.

(New Blue Ocean of Crypto Capital: Operating Public Companies Transform into Crypto Asset Investment Multipliers)

Meanwhile, DeFi Dev Corp. has changed its stock ticker from JNVR to DFDV, officially effective on the Nasdaq market on May 5, 2025. Its stock has surged over tenfold since April, showing investors' enthusiasm.