DeFi Development Corporation Rebrands to Focus on Crypto Treasury Strategy
DeFi Development Corporation, formerly Janover Inc., has changed its name to emphasize its new goal. The company aims to create a obvious,crypto-native treasury strategy for public market investors.
This rebrand includes a meaningful $11.5 million purchase of Solana (SOL). The company now holds about $34.4 million in SOL. Its ticker symbol will change to “DFDV” on the Nasdaq soon, but shareholders don’t need to take any action.
CEO Joseph Onorati said, “This is a new chapter for us.We wont to bring crypto-native capital allocation to the public markets. The name change shows our commitment.”
The company’s stock rose 10% to $43.50 per share after the news. DeFi Development Corporation is also launching a new website, www.defidevcorp.com, to share details about its treasury, including real-time solana balances and staking metrics.
As of April 22,the company holds 251,842 SOL,equal to 0.17 SOL per share, valued at $23.47 each.This is a 62% increase from the last reporting period. The latest SOL purchase was funded by a $42 million raise.
All newly acquired SOL will be staked to earn rewards and support network security. The company plans to run Solana validators to integrate further with the ecosystem. While its real estate SaaS platform is still active, the strategic shift positions it as a publicly traded crypto treasury vehicle for investors.
