DeFi Development Corporation Increases SOL Holdings to Over 400,000 Tokens with $11.2M Purchase

DeFi Development Corporation (formerly Janover) has acquired an additional 82,404 Solana (SOL) tokens, increasing its total holdings to 400,091 SOL, valued at over $57 million at the current price ($143 per token). The recent purchase, executed via BitGo’s over-the-counter desk, includes locked SOL that cannot be moved on-chain until unlocked but is available for OTC trading between institutions. The company announced plans to stake these tokens to generate yield. This accumulation follows DFDV’s earlier acquisition of a validator operation, allowing the company to self-stake its entire SOL treasury and create protocol-native cashflow. Despite these strategic moves, DFDV shares fell by 3.8%, and SOL’s price declined 2% during Tuesday morning trading.