DEFI DEVELOPMENT CORP (JNVR), previously known as Janover, added another $ 9.9 million in Sol de Solana to his corporate treasure, taking Total Crypto Holdings to 317,273 Sun or around $ 48 million, the company said Wednesday.
The purchase, made through the free sale desk of Bitgo, includes a closed sun section. These are tokens typically linked to the award or bankruptcy procedures that still cannot move in the chain, but are cheaper than spot prices.
“By obtaining access to the inventory with a blocked discount through a trusted partner like Bitgo, we can accumulate some of our sun below market prices while deepening our alignment with the Solana ecosystem,” said CEO Joseph Onorati in a statement.
Janover, who was renowned for the development of Defi earlier this week, began as a real estate data and software company, but has changed to position itself as an American public company that offers direct exposure to the Solana ecosystem to investors through its balance. The pivot occurred after a group of former executives from Crypto Exchange Kraken, including Onorati, acquired a majority participation in the company this month.
The company said that with the last purchase, each of the 1.5 million shares in circulation of the company now represents 0.22 Sol, 40% more of previous revelations.
Corporations have been buying Sun to provide investors for exposure to Token, and this trend has recently gained impulse. Sol Strategies, the company that is quoted in the stock market led by the CEO Leah Wald, co -founder forming the Digital Assets Manager, Valkyrie Investments, headed the movement. Today early, the firm announced that it had assured an installation of convertible notes of up to $ 500 million to increase its investments in the Solana Red.
Read more: Janover takes the Saylor Playbook page, doubleing Sol Stack at $ 20 million as the shares shoot 1700%
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