Janover (JNVR), a fintech company aligned with the Solana (SOL) treasury strategy, has undergone a rebranding to DeFi Development Corp and has recently acquired an additional $11.5 million in SOL tokens, as announced Tuesday.

The total SOL held by the company now amounts to 251,842, including staking rewards, valued at about $36.5 million with Solana trading near $145.

Key Highlights:

• The firm, previously known as Janover, aims to accumulate SOL and operate validators to support the blockchain.
• Following the acquisition of Janover by executives from Kraken earlier this month, the company has shifted its strategy to focus on Solana.
• JNVR shares saw a decline of 2.5%, while SOL itself rose by 5% amid a broader market increase.

The firm plans to rename its stock ticker to DFSV on the Nasdaq. Moreover, part of the funds from a recent $42 million financing round contributed to this purchase, with each share now representing 0.17 SOL, marking a significant increase since their last crypto acquisition.

Related News: Janover reported a strategic partnership with Kraken to manage a portion of the exchange’s SOL holdings.