The Defi Development Corporation, formerly known as Janover, ramping up the Solana Treasury Strategy following a buyout led by Kraken executives.
According to an announcement on April 22, the company added 88,164 Solana (SOL) in its treasury, worth $ 11.5 million and brought Solana Stake to $ 34.4 million.
On April 7, Defi Development Corporation was obtained by a group of former Kraken executives. As part of the deal, the company announced a move to Crypto, including a rebrand and a Solana -based treasury. Prior to the move, the Janover operates in the real estate funding space, which relates to lenders to consumers of commercial ownership.
Since taking, the company has made many solutions of SOL, including A purchase of $ 10.5 million on April 16. In the latest purchase, the total handling of the Defi Development Corporation stood at 251,842. The company plans to promote tokens to produce additional produce.
As of this writing, shares of the Defi Development Corporation (JNVR) are up to 12.83% in the news, according to Google Finance.
Staking is the cryptocurrency processing process to help secure a blockchain network and earn rewards in return. Sirna sir Ethereum exceeded the total amount of staked On April 21, with more than $ 53.9 billion worth of SOL staked by more than 500,000 unique purse holders, yielding an 8.31% annual return.
Crypto treasury techniques get traction
Since Michael Saylor’s approach began to add bitcoin (Btc) On its balance sheet in August 2020, more companies followed the suit of crypto treasures, often seeing a strengthening of their stock prices as a result.
The Japanese Company Metaplanet announced its Bitcoin treasury in 2024 and recorded a 4800% increase in its sharing price To Feb. 10, even though it has fallen since then. Semler Scientific, a healthcare technology company, Saw a 30% increasing stock price After announcing the BTC Reserve Treasury.
Other companies expand their digital assets approach to other cryptocurrencies, such as Sol. UPEXI, a firm listed by NASDAQ listed in the chain, recently announced the creation of A Sol Treasury To make it different -its properties are different.
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