A Company Implementing MicroStrategy's Tactic Raised Capital to Buy More of This Altcoin!

Bitcoinsistemi

2025-05-02 08:19:10

Abstract generation in progress

DeFi Development Corp, formerly known as Janover, announced on Thursday that it has secured a private investment of $24 million in public capital to support its general corporate purposes, including the purchase of additional Solana (SOL) coins.

This strategy also includes staking the bought SOL assets.

Rebranding in mid-April, DeFi Development Corp is preparing to accelerate its investment in Solana. As of May 1, the firm held approximately 317,273 SOL worth around $46.2 million, including stake rewards.

According to the company’s press release, leading firms such as Galaxy Digital, Amber International Holding Limited, Arrington Capital, Republic Digital, Borderless Capital, RK Capital, and Great Point Capital are among the key participants in the PIPE.

As part of the PIPE agreement, DeFi Development Corp is selling approximately 310,000 common shares and about 215,000 pre-funded warrants at $46 per share. The company’s shares, listed under the ticker symbol JNVR on Nasdaq, were priced at $76.36 at the time of the announcement.

DEFI-12.16%

SOL-2.4%

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