What to know:

• DeFi Development Corporation has acquired 82,000 additional Solana (SOL) tokens, raising its total treasury to over 400,000.
• A section of its new SOL was obtained via over-the-counter (OTC) transactions involving locked tokens.
• These assets are set to be staked to generate yield as part of a sustainable treasury strategy.

Previously known as Janover (JNVR), DeFi Development Corporation (DFDV) has enhanced its treasury holdings by bringing in an additional 82,404 SOL tokens, reaching a total of 400,091 tokens. Given the current price of SOL at $143, the total value of these assets exceeds $57 million.

The recently acquired tokens incorporate locked SOL, purchased from BitGo’s OTC desk. While these tokens cannot be transferred on-chain until they are unlocked, they remain tradable through OTC transactions between institutions, according to the company.

The firm intends to stake these assets to earn yield. This acquisition follows the recent purchase of a validator operation, which will facilitate the self-staking of its entire SOL treasury, thereby generating “protocol-native cashflow.”

Currently, DFDV shares have fallen by 3.8% on Tuesday’s trading session, coinciding with a 2% decline in SOL’s price.