DeFi Development Corp, formerly known as Janover Inc., just made a bold move. They started as a real estate software company.
Now, they’ve pivoted into the crypto world and rebranded as DeFi Dev Corp to prove it. The company has gone all in on Solana, the fast-growing blockchain network, and investors are paying attention.
How much attention?
Well, the stock price has exploded by more than 1,700 per cent in just over a month. It went from under $4 to nearly $80. That’s what happens when a company pours more than $58 million into SOL and picks up a validator business to boot.
They now hold over 400,000 SOL and manage a validator operation that brings in on-chain revenue.
Own 1, Get 7 Stocks
On May 7, DeFi Dev Corp announced a 7-for-1 forward stock split. That means if you own 1 share, you’ll soon have 7. As of May 19, shareholders will get the new shares, and trading will start on a split-adjusted basis on May 20.
Their total outstanding shares will jump from just over 2 million to more than 14 million. No action is needed from investors.
Your brokerage account will handle everything automatically.
The goal is simple: get more people in. By lowering the price per share, the company hopes to boost liquidity and make it easier for smaller investors to jump in.
Crypto Pivot of the Year
This isn’t just a flashy move. DeFi Dev Corp is serious about building a crypto-focused treasury. They’re one of the only public companies giving investors direct exposure to Solana.
If the SOL ecosystem grows, this stock could become a major play for crypto believers.
For now, the stock split makes it more affordable. But the bigger story is how fast this company has transformed, and where it might be headed next.