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# **DeFi Development Prepares US$1 Billion Fund to Expand Solana Investments**

DeFi Development, previously known as Janover, plans to raise US$1 billion through a securities offering to purchase more Solana (SOL) tokens and fund general corporate needs.

This Nasdaq-listed company has accumulated approximately US$48.2 million in the form of Solana and intends to run validators on the Solana network to generate staking yields. DeFi Development also obtained a convertible note facility of up to US$500 million to accelerate investments in Solana.

The offering includes common and preferred stock, debt securities, warrants, and units, with a plan for phased issuance based on market conditions and SEC approval. The treasury policy approved last Friday (04/04) allows for long-term accumulation of Solana and the operation of validators as part of the investment strategy.

This investment model adopts a public treasury approach similar to the Strategy focused on Bitcoin (BTC), but DeFi Development has chosen Solana as their primary asset.

-# Image Source: Coindesk