Nasdaq-listed DeFi Growth Corp. (DFDV) jumped 30% on Friday to contemporary report highs after unveiling a partnership with Solana’s high memecoin BONK and buying one other batch of Solana’s SOL SOL$171.07 tokens.
The corporate mentioned it’ll co-manage a Solana validator with BONK, claiming to be the primary time a memecoin neighborhood and a public firm sharing staking infrastructure on Solana, in line with a press launch. The cooperation additionally expands to combine BONK’s personal liquid staking token, BONKSOL. Each events will develop the validator’s stake and break up the rewards.
“This validator partnership is a pure subsequent step in BONK’s mission to empower our neighborhood and speed up the adoption of Solana,” mentioned Nom, core contributor at BONK. “By teaming up with DeFi Dev Corp., we’re not solely reinforcing the decentralized infrastructure of Solana but additionally creating a brand new commonplace for a way neighborhood tokens can scale and maintain their ecosystems.”
The announcement got here someday after the agency purchased one other 16,447 SOL tokens, bringing its holdings to 609,190 SOL, price round $107 million. The agency acquired the tokens for $2.3 million at a mean worth of $139.66, beneath spot costs. The corporate earlier shared plans to amass locked-up tokens at a reduction.
The corporate, previously generally known as actual property tech platform Janover, is a part of a rising roster of public corporations placing digital belongings on their steadiness sheet, taking a web page of the Technique’s playbook centered round bitcoin BTC$104,170.10. DeFi Growth pivoted to concentrate on Solana, stacking the community’s native tokens and working validators, after a gaggle of former Kraken executives acquired a majority stake final month.
DFDV shares gained over 2,800% for the reason that agency’s pivot, hitting $118 in the course of the Friday session.
Learn extra: DeFi Growth Plans to Elevate $1 Billion to Purchase Extra Solana
