DeFi Development collaborates with BONK to co-manage validators, stock price surges 30% in one day

According to a report by Jinse Finance, DeFi Development Corp. (DFDV) saw its stock price surge by 30% to a record high on Friday after announcing a partnership with Solana's popular meme coin BONK to co-manage validators and increase its holdings in SOL. The two parties will jointly manage Solana validators and integrate BONK's liquid staking token BONKSOL, calling it the "first shared staking infrastructure between a meme coin community and a listed company on Solana." BONK core member Nom stated, "This validator collaboration is a natural next step in empowering the BONK community and accelerating Solana adoption." DeFi Development also announced the purchase of an additional 16,447 SOL, bringing its total holdings to 609,190, with a market value of approximately $107 million. The company, formerly a real estate technology platform Janover, has seen its stock price increase by over 2800% since shifting its focus to Solana.