DeFi Development Corp., formerly known as Janover, has raised a significant $24 million through a Private Investment in Public Equity (PIPE) funding round. This capital will support the firm’s broader corporate objectives, including increasing its investment in Solana (SOL) coins. The company also plans to utilize this capital for staking purchased SOL assets. 317,273 SOL worth approximately $46.2 million are currently held by DeFi Development Corp., including accumulated rewards from staking activities. This move follows the recent rebranding of the company in mid-April and coincides with the growing interest in Solana, especially following MicroStrategy’s successful investment strategy in the altcoin. Key investors included prominent firms such as Galaxy Digital, Amber International Holding Limited, Arrington Capital, Republic Digital, Borderless Capital, RK Capital, and Great Point Capital. The company’s common stock was priced at $76.36 before the PIPE deal announcement. This funding will allow DeFi Development Corp. to further explore its investment in Solana and capitalize on the potential of this blockchain technology.