DEFI DEVELOPMENT (DFDV), the real estate technology firm that is in Nasdaq previously known as Janover, bought more Solana de Solana de Solana SUN$173.53Taking its total cryptography holdings above $ 100 million, the company announced on Monday.
The firm said it acquired 172,670 Sol at an average price of $ 136.81. The purchase of $ 23.6 million is the largest since its cryptographic pivot last month. The Florida -based company now has 595,988 Sol, for a value of almost $ 105 million at current prices.
The company said the tokens will be carried out in the long term and stabilize with a variety of validators, including their own, to obtain performance. The exhibition updated by Defi Development’s action is now 0.293 Sol or around $ 50.42 per share.
The company’s shares increased 20% to $ 90 in the first minutes of Monday’s session, which adds to 30% profit on Friday as cryptogram prices recovered in recent days. Sol advanced more than 20% during the past week, playing $ 180 for the first time since February.
The measure reflects a growing trend of public companies that buy cryptocurrencies for their balances, imitating the play book of Michael Saylor’s strategy (Mstr).
While many companies follow Saylor’s example and focus on Bitcoin BTC$102,782.64The largest cryptocurrency, others are looking for alternatives. Last month, Janover was assumed by a group of former Crypto Exchange Kraken executives and turned to focus on the solar block chain, accumulating the native token of the network and the operational validators to obtain a betting performance. The firm recently presented plans to raise $ 1 billion to acquire sun.
Read more: Develop Development plans to raise $ 1 billion to buy more solena
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