DeFi Development Corp Buys $9.9M in Solana, Driving Share Price Up

DeFi Development Corporation (formerly Janover) has acquired a significant amount of Solana (SOL), purchasing 65,305 SOL tokens for approximately $9.9 million. This acquisition brings their total Solana holdings to 317,273 tokens. The move coincided with an immediate 12.8% increase in the company’s stock price following the announcement. The corporation is strategically allocating resources to this cryptocurrency and exploring how traditional financial models can be integrated into blockchain advancements.