Defi Development Corp shares rose by 1,700 % in just a few weeks: these are the reasons.

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  • The number of shares will increase from 2 million to 14 million.
  • The company renamed Janover Inc. and is now acting as DFDV.
  • has acquired a validator business with a 500,000 Sol.

Defi Development Corp., formerly known as Janover Inc., will carry out a 7-to-1 share split on May 20, which increases the outstanding shares from 2 million to over 14 million.

This step follows a dramatic pivot to the Solana blockchain, which triggered an amazing rally of 1,700 % in the share price within one month.

The company, which is now being traded under the Ticker DFDV on the NASDAQ, has structured its business model around the crypto infrastructure.

more accessible, while the company expands its decentralized activities in the blockchain sector and the validator economy.

Solana pivot drives market acceptance

The florida-based software company for real estate entered the digital asset area in April, with a treasury strategy that focuses on the long-term acquisition of Solana.

Shortly afterwards it was in Defi Development Corp. renamed to signal a permanent change to blockchain assets and operations.

The shares listed on the NASDAQ, which were moderately traded under Janover, exploded in value after this announcement.

Although DFDV fell 3 % to $ 79.31 on Wednesday, the decline after an increase that drove the share price by more than 1,700 % within a few weeks.

The company indicated that the split was supposed to serve that To increase liquidity and to expand the accessibility for investors who are interested in decentralized infrastructure projects.

The latest services have increased both institutional and private market participants.

Validator takeover and SOL reserves

Defi Dev Corp. has strengthened its focus on Solana by two significant steps: taking over a validator business with 500,000 Sol in the delegated use and the purchase of over 400,000 SOL token, which are worth around $ 58 million.

of the 3.5 million $ validator deal, which was largely paid in limited shares, was announced a day before the company announced the additional SOL purchase.

The takeover of the validator gives defi dev corp. Access to native cash flows in the Solana protocol, while the token accumulation focuses on the balance sheet as strongly on crypto-assets.

The company now holds more than 900,000 SOL that are worth almost $ 130 million at the current market price.

pointed out that the validator infrastructure deepens the focus of the company to decentralize protocols and adds recurring income by staking premiums. It also serves as a strategic protection against future volatility in traditional capital markets.

stocks split to improve the accessibility

Shareholders who are in the stock register by May 19th receive six additional stocks for each held share.

While the split increases the number of shares in circulation to over 14 million, the company confirmed that the approved share capital remains unchanged.

Although the share split does not influence the market capitalization of the company, it is often used to increase the trading volume and arouse the interest of private investors.

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