In short
- Janover changes his name in Defi Development Corporation and reflects his dedication to Crypto.
- The company added to his treasury on Monday 88.164 SOL and now has total Solana Holdings worth more than $ 37 million.
- Shares of the company have risen by 14% today and now 824% years to date.
AI-driven real estate platform Janover will now go through Defi Development Corporation, because the company indicates its dedication to Crypto with a name and touch change after a recent Pivot-driven Pivot.
The listed company, which will go through DFDV in the future at the Nasdaq -fair, Another Solana Bank done On Monday it added another 88,164 Sol. That purchase brought its total possession to 251,842 Sol, with a value of more than $ 37 million at today’s prices.
“This marks the start of a new chapter for the company,” said CEO Joseph Onorati in a statement. “Our mission is to bring transparent, crypto-native capital allocation into the public markets and this name change reflects that obligation.”
Accompanied by the name change and the final Ticker Shift, the company A new website launched committed to providing deeper insights into his treasury actions, including purchasing history and a real -time image in his interests.
Defi, or decentralized finances, is a Catchall term that applies to financial platforms and services built around cryptocurrencies, through automated protocols that do not have a centralized intermediary as a traditional bank.
Prior to the name change, the company made two important announcements in early April, in which investors were warned that a majority stake was acquired Through a group of former employees of Crypto Exchange Kraken, in addition to the approval of a policy that makes digital assets the protagonist in his treasury reserve.
The company $ 42 million picked up Through the range of convertible notes to help strengthen his treasury, a tactic made popular by strategy chairman and co-founder Michael Saylor on his way to his company Bitcoin Bitcoin.
Shares of the company, which will still act under Ticker JNVR for the time being, the trading day ended by 14% and 824% years to date, trading at $ 44.86. Upexi, another public company that raised money for a Solana Treasury, experienced a more drastic move on Monday, Spread more than 335% after the announcement.
Solana has risen by 8% to $ 147 on the day and has now won 39% in the past two weeks. Nevertheless, it remains a 50% discount on the all time of January.
Published by Andrew Hayward
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