The company Janover (formerly) — now DeFi Development Corp — officially told the SEC: “We are no longer about homes and mortgages. Now we are about tokens and blocks.”
To give you an idea of the scale: they plan to raise over 1 billion dollars for the purchase of SOL and other 'corporate expenses'. What expenses? New lunar bases, obviously.
What kind of scheme is this?
They are not just going to buy SOL and stare at the monitor. No.
Official plan:
• accumulate the Solana treasury;
• launch their validators (that is, become part of the network and earn staking income);
• earn a ton of money… if the price goes up.
Or they might not earn if Solana crashes, but who cares? The main thing is the 'mission'.
And leading this parade of wonders is Parker White — a former top manager at the Kraken exchange. Now he is already managing a validator with 75 million dollars in delegated SOL. That is, they are not playing with monopoly money.
They are copying MicroStrategy. Just without Bitcoin.
The plan is copied from MicroStrategy, which once said: “To hell with dollars! We’re all in on Bitcoin!” And you know, they succeeded: as of April 2025, MSTR has 538,200 bitcoins in their pockets. That’s more than most countries.
DeFi Development decided to do the same — only with Solana. And here it gets really exciting.
Because, unlike Bitcoin, Solana can easily be recognized as a security in the US. And then... the company falls under the 1940 Investment Company Act, which is such a regulatory meat grinder that any lawyer cries tears of joy.
And DeFi themselves honestly warn in their statement:
“We may face changes in regulation that could negatively affect our business, financial condition, and results of operations.”
Translation into human language: “We don’t know what will happen, but we’re going for it anyway.”
What is happening with their stocks?
When the company announced on April 22 that it had added SOL worth $11.5 million to its treasury, its stock soared by 12%.
Not because it’s rational. But because in 2025 people are ready to buy anything related to the word 'crypto'. Even tokens for potatoes.
By the way, 11.5 million is just a drop in the ocean compared to the planned billion. That is, if they continue to buy and make noise, the effect on their capitalization could be much more dramatic. Especially if Solana also inflates during this time.
And what does this even mean?
Seriously, the story with DeFi Development is another signal: crypto is increasingly entering the good old American Financial System.
Not only ventures or startups are now buying tokens, but also public companies registered with the SEC. Moreover, they are doing it officially, in the form of S-3.
And this is still not the end. As one of the industry guys, Chris Chang from Titan, said:
“This is an innovative step.”
(Translation: “Wow, they are really doing it!”)
Conclusion:
DeFi Development could either take off — or get caught in the regulatory meat grinder. But just the fact that a company with Nasdaq decided to put a billion dollars on a crypto venture says one thing: the future is coming faster than we thought.
And maybe one day we will see pension funds buying meme coins, and Walmart becoming a Dogecoin validator.
