Shares of DeFi Development Corp. (NASDAQ: DFDV) jumped 30% on Friday, hitting new highs after the company announced a strategic partnership with Solana’s memecoin BONK and disclosed additional purchases of SOL tokens.
The company, which recently shifted from real estate technology to focus on the Solana blockchain, revealed it will co-manage a Solana validator with BONK — marking a pioneering collaboration between a public company and a memecoin community to jointly operate staking infrastructure. The partnership also includes the integration of BONK’s liquid staking token, BONKSOL, with plans to boost the validator’s stake and share the rewards.
Nom, a key contributor to BONK, commented, “This collaboration is a natural extension of BONK’s goal to empower its community and accelerate Solana’s growth. Working alongside DeFi Development strengthens Solana’s decentralized network and sets a new example for community token-driven ecosystems.”
The announcement followed a recent acquisition of 16,447 SOL tokens, increasing DeFi Development’s total holdings to 609,190 SOL — currently valued at over $107 million. The tokens were purchased at an average price of $139.66, below prevailing market rates, consistent with the company’s approach of buying locked tokens at a discount.
DeFi Development, formerly Janover, made a bold pivot last month after former Kraken executives took a controlling interest, refocusing the business on Solana staking and token accumulation. This shift mirrors a trend among public firms adding crypto assets to their balance sheets, inspired by bitcoin-focused companies like Strategy (MSTR).
Since this strategic shift, DFDV’s stock has soared more than 2,800%, closing near $118 in Friday’s trading session.
