đ "Solana's MicroStrategy" Withdraws $1B Shelf Offering
US-listed DeFi Development Corp (formerly Janover) has withdrawn its $1B shelf offering, citing a missing management report on internal controls in its 10-K filing.
đ¨ Part of the proceeds were intended for buying more Solana (SOL). The company plans to resubmit later.
đ As of May-end, DDC holds 621,313 SOL, worth ~$97.2M â a 96% increase from April.
đ DDC is going full âMicroStrategy modeâ on SOL. Despite this regulatory hiccup, their aggressive crypto bet is one to watch.
