DeFi Dev Corp Drops $23.6M on Solana: Biggest Crypto Buy Yet!

Holy crypto rush! DeFi Development Corporation just threw down a whopping 172,670 Solana tokens, shelling out a cool $23.6 million. That's their heftiest single crypto grab ever, folks!

With this latest splash, DeFi Dev Corp's Solana stash now totals a massive 595,988 tokens, clocking in at a jaw-dropping $102.7 million, staking rewards included. You heard that right, over a hundred million!

This buy is no random splurge—it's part of DeFi Dev Corp's hot new digital asset treasury strategy, kicked off after their slick rebrand from Janover Inc. earlier this year. They're not messing around!

Leading the charge are ex-Kraken bigwigs, CEO Joseph Onorati and CIO Parker White. These guys have flipped the script, ditching the old real estate SaaS game to dive headfirst into running a public crypto treasury, zeroing in on Solana like a laser.

As of May 12, 2025, DeFi Dev Corp's got 2,037,531 shares out there, meaning each share's packing 0.293 SOL, or $50.42 at today's rates. And get this—all those tokens? Staked across a bunch of validators, including their own setup, to rake in that sweet yield and keep the Solana network humming.

Since word got out about their Solana spree, DeFi Dev Corp's stock has skyrocketed over 2200%. That's not a typo—two thousand two hundred percent!

10 Solana Purchases

This latest buy marks DeFi Dev Corp's 10th Solana score since they launched this wild strategy. They've been on a roll, with a previous $11.5 million haul in April, all fueled by a massive $42 million raise. These guys are on fire!

Check out their website now—it's all about real-time updates on their treasury stats, from SOL balances to staking deets. Transparency at its finest!

"Our mission is to bring transparent, crypto-native capital allocation into the public markets," declared Onorati in a past statement. DeFi Dev Corp's staking and validator ops are all about boosting the Solana ecosystem while dishing out yield to shareholders. It's a win-win!

With their current haul, DeFi Dev Corp's now one of the biggest publicly traded Solana holders out there. And they're not stopping—they plan to keep investors in the loop with regular updates on their treasury and strategies through public filings and their slick digital asset disclosures platform.