Defi Development (JNVR) raises Solana Holdings to $ 48m with discount token purchase by bitgo
Defi Development Corp (JNVR), formerly known as Janover, added another $ 9.9 million to Solana’s Sol to its corporate treasury, which pushed the total crypto holders to 317,273 Sol or about $ 48 million, the company Says On Wednesday.
The purchase, made Bitgo’s over-the-counter deskIncludes a tranche of locked sol. The tokens are usually tied to vesting or losses that have not been able to move the chain but are cheaper than the prices of the area.
“By having access to the locked discount inventory through a trusted partner such as BITGO, we are able to accumulate some of our market prices below while deepening our alignment with Solana’s ecosystem,” CEO Joseph Onorati said in a statement.
Janover, which has been named in Defi Development earlier this week, has begun as a real estate and software data but has moved to the position itself as a public company that offers direct exposure to Solana ecosystems to investors by its balance. The Pivot occurred after a group of former Crypto Exchange Kraken executives, including Onorati, gained a predominantly stake at the firm this month.
The company noted that in the latest purchase, each of the 1.5 million remaining shares of the company today represents 0.22 sol, up to 40% from previous disclosure.
Corporations are buying SOL to provide tradfi investors with exposure to the token, and this trend has been gaining momentum recently. The Sol Strategies, the company that was publicly exchanged by CEO Leah Wald-would advocate co-founder of digital asset manager Valkyrie Investments-was watching the movement. Earlier today, the firm announced It has been securing a up to $ 500 million replaced note facility to increase its investments in the Solana network.
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