DeFi Development Corporation (Nasdaq: JNVR), formerly Janover Inc., has made another significant investment in Solana (SOL), purchasing $11.5 million worth of tokens. The April 22 acquisition of 88,164 SOL brings the company’s total holdings to 251,842 tokens, valued at approximately $36.5 million including staking rewards.
This marks the third SOL purchase in as many weeks. On April 15, the firm added 80,567 tokens for $10.5 million, followed by an earlier buy of 44,158 SOL on April 11 for $5 million. These moves are part of a broader shift in corporate strategy to build a crypto-native treasury focused on Solana, making JNVR one of the few publicly traded firms aggressively embracing blockchain-native assets.
The purchases follow a series of rapid developments at the company, triggered by a leadership overhaul. Earlier this month, a group of former Kraken executives, including industry veterans Joseph Onorati and Parker White, acquired a controlling interest in Janover Inc. The leadership change catalyzed a sweeping strategic transformation, culminating in the company’s rebranding to DeFi Development Corporation and the formal adoption of a new treasury management policy.
Rebrand and Strategic Shift to Solana
On April 4, the company’s board approved a policy allowing for the long-term accumulation and staking of digital assets, with Solana designated as the foundational asset. The board cited Solana’s scalability, fast settlement times, and burgeoning ecosystem of DeFi, NFT, and infrastructure projects as key reasons for the decision.
According to the company, staking its SOL holdings allows it not only to earn passive income via rewards but also to actively participate in supporting the security and decentralization of the Solana network. Plans are already underway to operate one or more validators on the blockchain. This move could further deepen the company’s integration into the Solana ecosystem and reinforce its position as a long-term institutional player in the space.
Implications for Public Market Investors
With this strategic pivot, DeFi Development Corporation becomes the first Nasdaq-listed public company to explicitly align its treasury strategy with Solana. In doing so, the firm is offering public market investors indirect exposure to SOL, a digital asset that has consistently ranked among the top cryptocurrencies by market capitalization.
The company’s actions may signal a growing trend among traditional firms to adopt blockchain-native approaches as part of their long-term strategy. As institutional interest in digital assets continues to rise, DeFi Development Corporation’s early move into Solana may position it ahead of the curve — both financially and technologically.
More updates on validator operations and future asset purchases are expected in the coming weeks as the company continues to execute on its redefined mission.