DeFi Development (JNVR) Raises Solana Holdings to $48M With Discounted Token Purchase Via BitGo
Powered by @unfolded- DeFi Development Corp (formerly Janover) has increased its corporate treasury by acquiring an additional $9.9 million in Solana's SOL, bringing total holdings to approximately $48 million.
- The purchase was made through BitGo’s over-the-counter desk and includes locked SOL tokens, which are typically cheaper than market prices.
- The company, now focused on the Solana ecosystem, underwent a rebranding after a majority stake acquisition by former Kraken executives.
- This trend of corporations investing in SOL is rising, with SOL Strategies also announcing a significant convertible note facility to enhance its investments in the Solana network.