Defi Development (DFDV), the firm listed in the real estate tech firm formerly known as Janover, has bought more at Solana’s Sol Sol$180.13took the total crypto hold of more than $ 100 million, the company announced on Monday.
The firm said it obtained 172,670 SOL at the average price of $ 136.81. The $ 23.6 million purchase has been the largest since its crypto pivot last month. Florida -based company holds 595,988 sol, worth about $ 105 million at current prices.
The company said the tokens were held perennial and staked with a set of validators, including itself, to earn a staking produce. The DEFI’s updated per-share exposure is now standing at 0.293 SOL or about $ 50.42 per part.
Company shares moved by 20% to $ 90 in the first minutes of the Monday session, adding to 30% benefit Friday as crypto prices rallied in recent days. Sol progressed over 20% last week, touched at $ 180 for the first time since February.
The move reflects a growing pace of public companies to buy cryptocurrencies for their balance sheets, mimicking the Strategy’s Strategy playbook (MSTR).
While many companies follow Saylor’s lead and dedicated to Bitcoin Btc$104,115.78The largest cryptocurrency, others look at the successors. Last month, Janover was taken by a group of former Crypto Exchange Kraken and pivoted executives to focus on the Solana blockchain, which accumulated the network’s native token and operating validator to earn a staking harvest. The firm recently laid out plans to raise $ 1 billion to get Sol.
Read more: Defi Development plans to raise $ 1 billion to buy more Solana
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