DeFi Development Corporation, formerly known as Janover, is accelerating its Solana treasury strategy after acquiring 88,164 Solana (SOL) tokens worth $11.5 million, boosting its Solana holdings to $34.4 million. The company, led by Kraken executives, shifted focus to crypto following the acquisition on April 7, announcing a rebrand and a Solana-based reserve treasury. Previously operating in real estate financing, Janover made significant SOL purchases post-takeover, including a $10.5 million buy on April 16, bringing the total holdings to 251,842 SOL. The company plans to stake tokens for additional yield. DeFi Development Corporation’s shares (JNVR) surged by 12.83% on the news, as per Google Finance. Staking, the process of locking up cryptocurrency for network security and rewards, gained attention as Solana briefly surpassed Ethereum in total staked value on April 21. With over $53.9 billion worth of SOL staked by 500,000 unique wallets, yielding an 8.31% annualized return. Companies adopting crypto treasuries, akin to Michael Saylor’s Bitcoin strategy, are witnessing stock price boosts. Metaplanet and Semler Scientific saw significant share price increases after announcing Bitcoin treasuries. Upexi, a Nasdaq-listed firm, recently unveiled a SOL treasury to diversify its assets. The trend showcases a growing interest in digital asset adoption among companies beyond Bitcoin.