You Won’t Believe How Many Solanas This Company Gobbled Up!

Buried deep in a labyrinth of glowing screens and caffeinated coders, DeFi Development Corporation burst out on a Monday morning like a wizard with a brand new wand, triumphantly announcing it’s just scooped up a gobsmacking 172,670 Solana tokens for a rather spicy $23.6 million. That’s their fattest crypto feast to date—enough digital gold to fill a hundred chocolate factories (and then some).

This humongous heap of Solana now brings their goblet to a positively eye-popping 595,988 SOL—worth a monstrous $102.7 million. Yes, that includes those magical little staking rewards, because, let’s face it, everyone loves a bonus (except Aunt Margery, who still insists crypto is just newfangled Monopoly money).

What’s behind this wizardry? Since renaming themselves (ta-ta, Janover Inc., hello mysterious DeFi Dev Corp), the company has turned its ship from stuffy old real estate software to being a kind of digital pirate, raiding the high seas of crypto—to be specific, the sparkly shores of Solana. 🏴‍☠️✨

Guided by the fearless duo of Joseph Onorati (ex-Kraken, which sounds suspiciously like a sea monster) and Parker White, this merry band has abandoned stuffy offices full of paperwork for the wild, pixelated jungles of public crypto treasuries. One small step for shares, one giant leap for the blockchain!

Fast forward to May 12, 2025: the company now boasts 2,037,531 shares flapping in the wind. That’s 0.293 SOL per share, or $50.42 for the mathematically challenged. Every last shiny coin is staked across a buffet of validators—including their very own—shoveling in juicy rewards and flexing their might on the Solana network. 🥧🪙

And the market? Like a kid who’s just discovered a bottomless bowl of candy, DeFi Dev Corp’s stock has catapulted up a meaty 2200%. Someone better check if the trading floor has enough oxygen!

10 Solana purchases

This new pile of coins marks their tenth—yes, tenth!—Solana shopping spree since launching their treasury conquest. The last splurge? An $11.5 million buy in April, funded by a $42 million rainstorm of investor cash. Somebody’s got excellent taste in coins, or they just really, really hate paper money. 💸😉

If you fancy following along at home, the firm’s website now beams out real-time stats: live SOL balances, staking data and probably, for all we know, Joseph Onorati’s favorite brand of crypto socks.

In their own words, the mission is to “bring transparent, crypto-native capital allocation” to these wild public markets. Translation: less smoke and mirrors, more crystal balls. And while they scoop up Solana, they’re also fattening up shareholder wallets (figuratively, unless they start paying in chocolate coins).

With such a hoard, DeFi Dev Corp now rubs digital elbows with the grandest of Solana holders. They promise to keep spilling the beans—public filings, updates, digital confessions—until everyone’s as obsessed with their treasure as they are.

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2025-05-12 21:00