Previously referred to as Janover (JNVR), DeFi Improvement Company (DFDV has added a further 82,404 solana (SOL) tokens to its treasury, pushing its whole holdings to 400,091 SOL.
At SOL’s present worth of $143, the corporate stack is price greater than $57 million.
The newly acquired tokens embrace locked SOL, bought by way of BitGo’s over-the-counter desk, in response to a press launch. These tokens can’t be moved on-chain till unlocked, however they’ll nonetheless be traded over-the-counter between establishments, the agency mentioned.
The corporate mentioned it plans to stake these belongings to generate yield.
The buildup follows the acquisition of a validator operation earlier this week, which it should use to self-stake its whole SOL treasury and generate “protocol-native cashflow.”
DFDV shares are decrease by 3.8% in Tuesday morning commerce alongside SOL’s 2% worth decline.
