DeFi Growth Company, previously referred to as Janover Inc., has formally modified its company title to mirror a brand new focus: constructing a clear, crypto-native treasury technique for public market buyers.
The rebrand comes alongside a recent $11.5 million buy of Solana (SOL), bringing the corporate’s complete SOL holdings to roughly $34.4 million.
The corporate’s ticker image may even change to “DFDV” on the Nasdaq at a later date, although no motion is required from shareholders.
“This marks the start of a brand new chapter for the enterprise,” stated CEO Joseph Onorati. “Our mission is to carry clear, crypto-native capital allocation into the general public markets — and this title change displays that dedication.”
The corporate’s inventory jumped on the information and is at the moment buying and selling up 10% at $43.50 per share.
Actual-time Solana balances
As a part of the transition, DeFi Growth Company is launching a brand new web site — www.defidevcorp.com — to offer ongoing disclosures associated to its treasury, together with real-time Solana balances, staking metrics, and SOL per share.
As of April 22, the corporate holds 251,842 SOL, equal to 0.17 SOL per share, valued at $23.47 every — a 62% improve from the final reporting interval.
The newest Solana buy was funded from a just lately accomplished $42 million increase. All newly acquired SOL shall be staked, incomes native rewards and contributing to community safety. The corporate additionally intends to run Solana validators to additional combine with the ecosystem.
Whereas its actual property SaaS platform stays energetic, the corporate’s strategic pivot positions it as a publicly traded crypto treasury automobile providing publicity to Solana for institutional and retail buyers.