DeFi Development Corp. (DFDV), a Nasdaq-listed company once focused on real estate technology, has fully embraced Solana, now holding 609,190 SOL tokens valued at more than $107 million.
Shares of DeFi Development surged 30% on Friday, reaching new all-time highs following the announcement of a partnership with Solana’s leading memecoin BONK and the purchase of additional SOL tokens.
The company revealed plans to jointly operate a Solana validator with BONK, marking the first collaboration of its kind between a memecoin community and a publicly traded firm sharing staking infrastructure on Solana. The partnership also includes integrating BONK’s liquid staking token, BONKSOL, with both sides committed to expanding the validator’s stake and sharing the resulting rewards.
“This validator partnership represents a natural progression for BONK’s goal to empower its community and boost Solana adoption,” said Nom, a core contributor to BONK. “Partnering with DeFi Development strengthens Solana’s decentralized network and sets a new benchmark for community token growth and sustainability.”
The announcement followed the company’s recent acquisition of 16,447 SOL tokens, increasing its total holdings to 609,190 SOL, worth roughly $107 million. The purchase, made at an average price of $139.66 per token for $2.3 million, came below current market rates. Earlier, DeFi Development had indicated intentions to buy locked tokens at discounted prices.
Previously operating as the real estate tech firm Janover, DeFi Development is now among a rising number of public companies adding digital assets to their balance sheets, mirroring the approach popularized by Michael Saylor’s Strategy (MSTR), which focuses on bitcoin. Following a majority acquisition by former Kraken executives last month, the company shifted its focus toward Solana, accumulating native tokens and running validator nodes.
Since this pivot, DFDV shares have skyrocketed over 2,800%, closing Friday’s session near $118.
