DeFi Development Corp Seeks $1 Billion to Expand Solana Treasury and Investments
AI Summary
Nasdaq-Listed Firm Shifts Focus to Crypto After Leadership Overhaul
DeFi Development Corp — formerly known as Janover — has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission (SEC), announcing its intention to raise over $1 billion to invest in Solana (SOL) and cover general corporate expenses.
The move signals a major strategic pivot by the Nasdaq-listed company, which transitioned from a real estate financing platform to a crypto-focused enterprise following a leadership change earlier this month.
Solana Treasury Strategy Echoes Bitcoin Treasury Models
According to the SEC filing, DeFi Development plans to use proceeds from the offering to purchase Solana tokens, aiming to accumulate a substantial on-chain treasury reserve. The company cited staking rewards and potential price appreciation as the primary motivations behind the investment strategy, although it also cautioned that volatility could result in significant valuation fluctuations.$SOL