MicroStrategy's DeFi Development to Become "Solana" with a $1 Billion Plan

DeFi Development Corp. (formerly known as Janover Inc.) is trying to raise $1 billion by selling securities to buy Solana

SOLUSD

over time.

Earlier today, a report from Coinbase claimed that the company had already raised $42 million to purchase SOL through similar sales. It seems that these operations were just the beginning of a much larger ambition

Developing decentralized finance is heavily betting on Solana

In a direction referred to by the cryptocurrency community as "Solana MSTR," corporate actors have been buying SOL tokens.

According to today's filing with the Securities and Exchange Commission (SEC), DeFi Development is trying to finance this acquisition of Solana in the same way that Strategy did.