Defi Development Corp., known as a software company in real estate, but recently turned to a treasury -oriented treasury structure, it announced that it bought 82,404.50 Solana (SOL) worth around $ 11.2 million.
According to the company’s statement, the total SOL assets reached 400,091 units with this transaction and the current market value of this assets is around $ 58.5 million.
The current SOL position of Defi Development Corp. and fundamental data per share from 6 May 2025 are as follows:
- Total Sol -Activa: 400.091
- Total SOL value: about $ 58.5 million
- Total number of shares in circulation: 2,001,887
- Sol per share (SPS): 0.199
The company noted that some of the SOLs purchased were taken over via the Bitgo OTC office. This channel includes purchases from institutional sellers who are subject to time -bound unlocking schedules. Defi Development Corp. Explained that the coins obtained in this way will be kept in the long term and are used to generate local yields.
The company, previously known as Janover, was renamed a cryptocurrency-oriented structure after former executives of Kraken had acquired a majority interest on 22 April.
*This is not investment advice.
