The company that purchased a large amount of Solana (SOL) has collaborated with a surprise memecoin this time!

The Solana-focused public company DeFi Development Corp announced that it has formed a strategic partnership with the memecoin BONK within the Solana ecosystem.

With the partnership news, the company's stock prices reached new highs. Just before this development, the company purchased an additional 16,447 SOL for approximately 2.3 million dollars, bringing its total SOL holdings to 609,190. The total value of these assets reached approximately 107 million dollars.

According to the company's announcement, DeFi Development Corp and BONK will jointly operate a validator node. The parties will increase the stake amount in the node together and share the rewards. This partnership marks the first validator collaboration between a public company and a major community memecoin.

Parker White, CIO and COO of DeFi Development Corp, said, "We are excited to collaborate with a strong community like BONK. Enhancing our validator infrastructure while also contributing to the most dynamic and effective community in the Solana ecosystem is a strategic step for us."

The company's core strategy is based on generating revenue through validator operations, accumulating more SOL, and increasing the amount of SOL per share of the company to (SPS). The SPS metric serves as a special indicator that tracks the Solana equivalent of the shares held by DFDV shareholders.