- DeFi Development Corporation (NASDAQ: JNVR) has expanded its Solana (SOL) holdings by purchasing 65,305 SOL tokens.
- The company now holds a total of 317,273 SOL, valued at approximately $48.2 million.
- DeFi Development employs a strategic acquisition of locked SOL tokens to generate staking yields and optimize entry costs.
DeFi Development Corporation (JNVR, Financial), a player in the digital asset space, has announced the acquisition of an additional 65,305 Solana (SOL) tokens. This purchase brings the company's total SOL holdings to 317,273 tokens, with a valuation pegged at approximately $48.2 million, inclusive of staking rewards.
As of April 23, 2025, the company's Solana per Share (SPS) metric has shown significant growth, with each share representing 0.22 SOL, now valued at $32.88 per share. This marks a 40% increase in the SPS compared to prior acquisitions, reflecting DeFi Development's aggressive accumulation strategy.
The acquisition strategy was bolstered by the purchase of locked SOL tokens through BitGo's OTC desk at below-market prices. These tokens are subject to timed unlock schedules, which means they are held on a long-term basis and staked to generate native yield. This approach allows DeFi Development to effectively double-dip on value creation by first securing tokens at a discount and then generating yield during the lockup period.
This strategic positioning highlights the Company’s deepened alignment with the Solana ecosystem, although it also implies considerable exposure to SOL's price volatility. DeFi Development’s extensive focus on Solana further positions it as a notable player within this cryptocurrency domain, offering both opportunities and risks typical of crypto investment vehicles.
