DeFi Development Corp. (DFDV), a Nasdaq-listed company that recently shifted its focus to Solana, has seen a significant increase in its holdings of SOL tokens. As of May 16, 2025, the company now holds 609,190 SOL tokens, valued at over $107 million. The surge in holdings came after DFDV announced a partnership with Solana’s top memecoin, BONK, and purchased an additional batch of SOL tokens, causing its stock to soar by 30% to reach record highs.
The collaboration between DFDV and BONK involves co-managing a Solana validator, marking the first time a memecoin community and a public company are sharing staking infrastructure on the Solana network. In addition to managing the validator together, the partnership also includes integrating BONK’s liquid staking token, BONKSOL. Both parties aim to increase the validator’s stake and share the rewards, demonstrating a new standard for how community tokens can scale and sustain their ecosystems.
Just a day before announcing the partnership, DFDV acquired an additional 16,447 SOL tokens, bringing its total holdings to the impressive 609,190 SOL tokens. The company purchased the tokens for $2.3 million at an average price of $139.66, below the current spot prices. This move aligns with DFDV’s strategy of acquiring locked-up tokens at a discount, contributing to its growing presence in the digital asset space. Formerly known as Janover, a real estate tech platform, DFDV underwent a transformation after a group of former Kraken executives acquired a majority stake in the company, leading to a pivot towards Solana-focused operations.
Since the pivot, DFDV has experienced a remarkable increase in its stock value, soaring by over 2,800% and reaching $118 during the Friday trading session. This shift towards digital assets on its balance sheet reflects a broader trend among public firms embracing cryptocurrencies and blockchain technology. With a focus on Solana, DFDV is actively involved in stacking the network’s native tokens and operating validators, positioning itself as a key player in the burgeoning digital asset ecosystem. Krisztian Sandor, a U.S. markets reporter covering stablecoins, tokenization, and real-world assets, highlights the company’s journey towards embracing digital assets like BTC, SOL, and ETH, capturing the evolving landscape of decentralized finance and blockchain technology.
