Janover, a company listed on Nasdaq, Purchases More Solana and Changes Name to DeFi Development Corp.

Janover, an AI-powered real estate system, will now be known as DeFi Development Corporation as it declares its dedication to bitcoin with a name and ticker modify following a current Solana-driven pivot.

The publicly traded company added another 88, 164 SOL to its portfolio on Monday, going by the name DFDV in the future when it goes on the Nasdaq trade. At current prices, the company’s overall holdings increased to 251, 842 SOL, or$ 37 million, from that buy. &nbsp,

In a speech, CEO Joseph Onorati said,” This marks the beginning of a new chapter for the company.” Our goal is to provide a clear planning of crypto-native capital to the public markets, and this name change embodies that commitment.

The company also launched a new website to provide more in-depth insight into its treasury activities, including order history and a real-time see into its holdings, to accompany the name change and subsequent homepage change.

Decentralized funding, or decentralized financing, is a broad term that describes economic platforms and services created using automated protocols that don’t have a central middleman like a conventional bank.

The company made two significant announcements in early April, one of which was the name change, alerting investors to the implementation of a plan that makes online assets the main holding in its bank stockpile.

The strategy chairman and co-founder Michael Saylor popularized the practice by raising$ 42 million through the sale of foldable notes in order to boost its treasury, leading to his company becoming the largest publicly traded Bitcoin owner.

The company’s shares ended the day up 14 % and 824 % year-over, trading at$ 44.86, which will still trade under the JNVR ticker for the time being. On Monday, Upexi, another publicly traded company that raised money for a Solana bank, saw a more drastic change, rising by more than 335 % from its statement. &nbsp,

Solana has increased by 39 % in the last two weeks and is up 8 % on the day to$ 147&nbsp. Even so, it continues to be 50 % off its all-time high from January.

edited by Andrew Hayward