DeFi Development Corp adds $11.5m in Solana, rebrands from Janover

DEFI Development Corporation, formerly known as Janover Inc., has officially changed its business name to reflect a new objective: to create a transparent and crypto-native cash strategy for public market investors.

THE to reproach Delivered a new purchase of $ 11.5 million in Solana (GROUND), bringing the company total holding company to around $ 34.4 million.

The company’s symbol of the company will also go to “DFDV” on the NASDAQ on a later date, although no action is required by shareholders.

“This marks the start of a new chapter for the company,” said CEO Joseph Onorati. “Our mission is to bring a transparent and crypto -public allowance of capital on public procurement – and this change of name reflects this commitment.”

The company’s stock jumped On news and currently exchange from 10% to $ 43.50 per share.

Solana assessments in real time

As part of the transition, Defu Development Corporation is launching a new website – www.defidevcorp.com – Provide current disclosure linked to his treasure, including Solana’s sales in real time, the implementation of measures and soil by action.

As of April 22, the company hold 251,842 soil, equal to 0.17 soil per share, estimated at $ 23.47 each – an increase of 62% compared to the last reference period.

The latest purchase of Solana was funded from a recently completed increase of $ 42 million. All newly acquired soil will be marked, winning native awards and contributing to network security. The company also intends to execute Solana validators to integrate more into the ecosystem.

Although its SaaS real estate platform remains active, the company Strategic pivot Positions it as a cryptographic cash flow vehicle listed on the stock market offering an exposure to Solana for institutional and detail investors.