Catenaa, Sunday, May 04, 2025-DeFi Development Corporation (DDC), the company formerly known as Janover, has increased its Solana (SOL) holdings by acquiring 88,164 SOL tokens valued at approximately $11.5 million.
This acquisition brings the firm’s total SOL holdings to around $34.4 million. The move follows DDC’s rebranding, which was finalized after it was acquired by former Kraken executives earlier this month.
The strategy is part of DDC’s aggressive approach to building up a Solana-focused treasury, including the launch of network validators and staking its assets. The company aims to expand its holdings into other crypto assets in the long term.
This follows a broader trend of publicly traded firms taking significant positions in Solana, which has seen a resurgence thanks to popular applications built on the blockchain.
DDC’s approach contrasts with Michael Saylor’s bitcoin treasury strategy, as it focuses on staking, making SOL a productive asset.
Similar strategies have been adopted by firms like Sol Strategies and Upexi, which also announced Solana-focused plans this week.
DDC’s stock, trading under the ticker JNVR, has seen a rise following the firm’s Solana purchases, with its shares currently valued at $23.47. Additionally, DDC has a partnership with Kraken, which will delegate part of its 4.5 million SOL holdings to DDC-operated validators.
