Following the Success of MicroStrategy’s Bitcoin Reserve Strategy, Another Wave of SOL Reserve Strategies Emerges
Following the remarkable success of MicroStrategy’s Bitcoin reserve strategy, a new wave of SOL reserve strategies has recently emerged. DeFi Development Corp. (stock code: DFDV), led by a former executive from Kraken, is currently raising one billion dollars to significantly purchase Solana. Additionally, the company has acquired a SOL validation business platform for $3.5 million, with its staking rewards being integrated into the company’s revenue stream. The stock price has already surged over tenfold.
DFDV Acquires SOL Validation Platform
DeFi Development Corp. (stock code: DFDV), formerly known as Janover, is a company that focuses on commercial real estate financing. Recently, it completed its transformation and officially entered the cryptocurrency market in early April, adopting a new financial strategy focused on the acquisition and staking of Solana (SOL) tokens.
DeFi Development Corp. announced that it has reached a final agreement to acquire a validation business platform holding approximately 500,000 SOL (about $5 million) for $3.5 million, paying through a combination of $3 million in restricted DFDV stock and $500,000 in cash. Upon completion, the validation business will be renamed DeFi Development Corp., and its staking rewards will be integrated into the company’s revenue stream. All SOL held by DeFi Development Corp. will be staked through the newly acquired validation business.
This acquisition marks a key strategic expansion of DeFi Dev Corp.’s role within the Solana network—enabling the company to earn SOL rewards directly through validating transactions and securing the network. Parker White, Chief Information Officer and Chief Operating Officer of DeFi Dev Corp., stated, “This acquisition not only adds a new protocol-native cash flow but also enhances our alignment with the infrastructure supporting the future decentralized economy. Owning and operating a validator with substantial delegated stake positions us at the core of Solana—while further advancing our mission to effectively accumulate SOL and provide relatively superior risk-adjusted returns for SOL holdings.”
Following MicroStrategy’s Example, DFDV Aims to Raise One Billion to Purchase SOL
DeFi Dev Corp. has become a unique public market vehicle for accumulating Solana’s native token SOL. This acquisition will further assist market participants in gaining transparent exposure to one of the strongest first-layer ecosystems in the digital asset industry. DeFi Dev Corp. currently holds approximately 317,273 SOL, valued at around $47.9 million.
Recently, DeFi Dev Corp. submitted a $1 billion shelf offering application to the U.S. Securities and Exchange Commission (SEC), which will allow the company to issue stock or bonds in phases to raise additional funds for purchasing Solana tokens.
Emerging Companies with SOL Reserve Strategies, DFDV Surges Over Tenfold
DeFi Dev Corp.’s strategy has made it one of the first publicly listed companies to adopt Solana as a corporate financial strategy, alongside others such as Sol Strategies, Upexi, and Galaxy Digital, all of which view Solana as a potential growth opportunity.
The well-known cryptocurrency market maker GSR has entered Upexi, which has seen its stock price increase fourfold recently, demonstrating that examples of crypto companies rapidly profiting from this new investment method are on the rise.
(Emerging New Blue Ocean in Crypto Capital, Transforming Public Companies into Leveraged Investments in Crypto Assets)
Meanwhile, DeFi Dev Corp. has changed its stock symbol from JNVR to DFDV, which officially took effect on May 5, 2025, on the Nasdaq market. Since April, the price has increased over tenfold, reflecting strong demand from investors.
Risk Warning
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