Janover changes his name and betting for Solana with investment of USD $ 11.5m

The company, now known as DEFI DEVELOPMENT CORP, announced brand change and commercial strategy, betting hard on Solarium with the intention of creating a treasury based on the digital currency.

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• The company has 251,842 tokens SUN for a total value of USD $ 36.5 million.
  
• Corporate name change to DEFI DEVELOPMENT CORP and soon new ticket in Nasdaq.
  
• Association with Kraken and Bitgo consolidates its position as the key actor of the ecosystem Solarium.

The Fintech Inmobiliaria Janover (Jnvr), Boca mouth -headed, Florida has taken a decisive turn towards the ecosystem of Solarium by officially changing your name to Defelopment Corp, And also, make a new significant investment in the Token SUN as part of its new crypto reserves strategy.

The announcement came to this day, reviewed by various media The company reported the purchase of USD $ 11.5 million in tokens from Solarium, raising its total participation to 251,842 units, including Staking Rewards.

This acquisition, which at current market prices represents approximately USD $ 36.5 million, reinforces the company’s crypto treasury strategy. With the price of SUN Around the USD $ 145, each company’s action now represents 0.17 SUN, An increase of 62% since its last similar operation, according to the company.

A change of identity and direction

The change of name to DEFI DEVELOPMENT CORP It is not just symbolic. It represents a deep transformation in the strategic orientation of the company, which has gone from focusing on traditional real estate financial services to position itself as a pioneer in the adoption of cryptoactives as an asset of corporate reserve, according to the company.

This turn occurred after the acquisition of a majority participation by a group of former executives of the Exchange Kraken In early April. Since then, the firm has redoubled its commitment to the ecosystem Solarium, both in terms of accumulation of tokens and in operations to ensure the network via Staking.

In addition to the new name, the company announced that it will soon change its symbol in the stock market Nasdaq of Jnvr to DFSV, thus reflecting this new identity oriented to development within the decentralized finance ecosystem.

A staking strategy with key allies

As part of its crypto strategy, DEFI DEVELOPMENT CORP It is not limited to the passive purchase of assets. The company plans to operate one or more validators on the network Solarium, contributing directly to your safety and decentralization.

Last week, the company revealed a strategic alliance with Kraken, by which part of the tokens SUN of the Exchange will be delegated to validators operated by the new DEFI DEVELOPMENT CORP. This collaboration indicates not only a strong integration with the staking ecosystem, but also a validation of the corporate strategy by relevant players of the crypto market.

On the other hand, an alliance with Bitgo, through which the company will acquire blocked tokens through markets OTC, which could represent an advantage in terms of acquiring assets at preferential prices.

Although there are precedents of companies with treasury in BTC either Eth, DEFI DEVELOPMENT CORP It is positioned as the first firm listed in the US. With an explicitly focused on strategy SUN. This makes it a unique study case that could mark the course for future companies interested in diversifying their reservations through alternative digital assets.

The announcement of DEFI DEVELOPMENT CORP It occurs the same day as Galaxy Digitalthe investment firm led by Mike Novogratz, sold USD $ 106 million in Eth, capital used to acquire more SUN and incorporate it into your reservations.

It remains to be seen if this movement manages to sustain in the long term and generate yields equivalent to the initial enthusiasm. At the moment, the company has managed to position itself as a disruptive player, combining financial strategy with active blockchain infrastructure.

As to SUN, The digital currency recorded an increase close to 5% in the last 24 hours, which goes hand in hand with an upward trend seen in the crypto market for this April 22.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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