DeFi Development Corp Raises $24M to Deepen Solana Investment

DeFi Development Corp.—recently rebranded from Janover—has raised $24 million through a private equity deal aimed at expanding its Solana (SOL) strategy and supporting broader business initiatives.

The fresh capital will help the firm grow its existing SOL holdings and increase its participation in staking activity to earn rewards.

The investment comes just weeks after the company’s name change in April, signaling a sharper focus on digital assets.

As of May 1, the firm had accumulated over 317,000 SOL tokens, valued at around $46.2 million including staking returns.

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Backers of the funding round include a mix of major players in the digital asset space, such as Galaxy Digital, Republic Digital, Borderless Capital, Arrington Capital, and others. Under the agreement,

DeFi Development Corp. is offering roughly 310,000 shares at $46 each, along with pre-funded warrants covering an additional 215,000 shares. At the time of the announcement, its Nasdaq-listed stock (JNVR) was trading at $76.36.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.