Develop Development (DFDV), the real estate technology company listed at NASDAQ, formerly known as Janover, bought more Solana Solana GROUND$173.53By taking its total of Crypto Holdings over $ 100 million, the company announced on Monday.
The company said it has acquired 172,670 soil at an average price of $ 136.81. The purchase of $ 23.6 million is the most important since its cryptography pivot last month. The company based in Florida now holds 595,988 soil, worth nearly $ 105 million at current prices.
The company said that tokens will be detained in the long term and Jalées with a range of validators, including its own, to gain a yield of stake. Development’s updated share exposure is now at 0.293 soil or around $ 50.42 per share.
The company’s shares have jumped from $ 20% to $ 90 in the first minutes of the Monday session, adding to the gain of 30% on Friday while cryptography prices have been harvested in recent days. Sol has increased by more than 20% in last week, affecting $ 180 for the first time since February.
This decision reflects an increasing trend in public enterprises buying cryptocurrencies for their balance sheets, imitating the game book of the strategy of Michael Saylor (MSTR).
While many companies follow the example of Saylor and focus on Bitcoin BTC$102,792.74The largest cryptocurrency, others are considering alternatives. Last month, Janover was taken over by a group of former Crypto Exchange Kraken managers and pivoted to focus on Solana’s blockchain, accumulating the native token of the network and operational validators to obtain a yield. The company recently presented plans aimed at lifting $ 1 billion for soil acquisition.
Read more: Defi Development plans to lift $ 1 billion to buy more Solana
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