DeFi Development Corp. (DFDV), formerly a real estate technology company, has fully pivoted to focus on the Solana blockchain and now holds over 609,000 SOL tokens valued at more than $107 million.

Following a 30% jump on Friday that pushed shares to record levels, DFDV announced a new partnership with BONK, Solana’s leading memecoin, along with a recent purchase of additional SOL tokens.

The partnership centers on co-managing a Solana validator — a first of its kind collaboration between a memecoin community and a publicly traded company sharing staking infrastructure on the network. The deal also includes the integration of BONK’s liquid staking token, BONKSOL, with both parties working together to increase the validator’s stake and share rewards.

Nom, a key contributor to BONK, said, “This collaboration is a crucial step for BONK in supporting our community and advancing Solana adoption. By joining forces with DeFi Development, we are reinforcing Solana’s decentralized network and setting a new standard for how community-driven tokens can grow sustainably.”

The announcement closely followed DFDV’s acquisition of 16,447 SOL tokens at an average price of $139.66, adding roughly $2.3 million worth of tokens to its portfolio. This brought total SOL holdings to 609,190 tokens, valued at about $107 million, purchased below the current market price. The company had previously disclosed plans to acquire locked tokens at discounted rates.

Once known as Janover and focused on real estate tech, DeFi Development has shifted dramatically since a group of former Kraken executives took a majority stake last month. The company now operates Solana validators and accumulates SOL tokens, joining a wave of public firms embracing digital assets, inspired by strategies similar to those of bitcoin-focused companies like Strategy (MSTR).

Since this strategic turnaround, DFDV shares have soared more than 2,800%, closing Friday near $118.