Nasdaq-Listed Company Hits 'Major Milestone' as Solana Treasury Tops $100 Million
Summary
DeFi Development Corporation purchased 172,670 Solana (SOL) for approximately $24 million, raising total holdings to nearly 600,000 SOL valued at around $105 million. CEO Joseph Onorati emphasized the company's aggressive accumulation strategy. This purchase marks the 10th addition since starting to buy SOL over a month ago. The company, formerly Janover, aims to build a digital assets treasury focused on Solana, having added $100 million in SOL and acquired a Solana validator business. Shares of DFDV have increased 74% in the past month and over 1,700% year-to-date, currently priced above $89. A 7-for-1 stock split is planned to enhance liquidity. Solana's price surged nearly 22% recently but remains 40% below its January all-time high.
