BlockBeats News, April 23, U.S. publicly traded company Janover renamed to DeFi Development Corporation and today increased its holdings by 88,164 SOL, worth approximately $11.5 million. Following this purchase, the company's total SOL holdings have increased to 251,842 SOL, worth approximately $34.4 million.
BlockBeats previously reported that on April 7, U.S. publicly traded company Janover stated that the company had raised $42 million by issuing convertible notes and warrants to investors such as Pantera Capital, Kraken, Arrington Capital, etc. This funding will be used to purchase SOL as a financial reserve. The company's newly appointed Chairman and CEO Joseph Onorati revealed that his team plans to "immediately" start increasing their SOL holdings. Janover also plans to acquire validators (computers that help operate the Solana network and validate transactions), which can not only be used to acquire SOL tokens but also to "stake" them, meaning earning rewards by locking SOL tokens on the network.
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