Defi Development Corporation, previously known as Janover, is encouraging the Solana Treasury strategy after the acquisition led by Kraken executives.
According to the announcement of April 22, the company Add 88,164 Solana (SOL) for her wardrobe, at a value of $ 11.5 million, and her share in Solana reached 34.4 million dollars.
On April 7, Defi Development Corporation was obtained by a group of former CEO executives. As part of the deal, the company announced a transformation towards encryption, including the brand rename and the reserve cabinet in Solana. Before moving, Janover worked in the real estate financing space, linking lenders to commercial real estate buyers.
Since the acquisition, the company has made multiple SOLs, including the purchase of $ 10.5 million on April 16. With the latest purchase, the total bias of Defi Development Corporation is 251,842. The company plans to share symbols to generate an additional return.
As of this writing, Defi Development Corporation (JNVR) increased by 12.83 % on the news, according to Google Finance.
Staking is the encrypted currency locking process to help secure Blockchain and gain rewards in return. Solana has exceeded for a short period of ethereum in the total Staked value on April 21, with more than 53.9 billion dollars from Sol by more than 500,000 unique portfolios, which resulted in an annual return of 8.31 %.
Treasury encryption strategies gain traction
Since Michael Silor’s strategy in adding Bitcoin (BTC) began to its public budget in August 2020, more companies followed their example with encryption tanks, and you often see a boost in stock prices as a result.
The Japanese company metaplanet announced the Bitcoin wardrobe in 2024 and recorded 4,800 % at its share price as of February 10, despite its decline since. Semler Scientific, a 30 % increase in stock technology after the BTC Reserve Ministry announced.
Other companies expand their digital assets approach in other encrypted currencies, such as Sol. Upexi, a company in the NASDAC supply chain, has announced the creation of a Sol wardrobe to diversify its assets.
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