Defi Development Corp., formerly known as Janover, has filed a statement on registering with the US Securities and Exchange Commission (SEC) to offer up to $ 1 billion in security.
The company Planning To use the proceeds for the general purposes of the corporate, including the acquisition of Solana (SOL) tokens, as part of its approach to produce a Treasury dedicated to Solana.
Moreover, as proof of its promise to a Treasury strategy centered on SolanaThe company has invested $ 48.2 million.
Under the new leadership, the company has adopted a policy of treasury centered around Solana. The Board approved this policy on April 4, 2025, allowing Sol's long -term accumulation.
Defi Development to cope with the current solution of SOL purchase
The former commercial lending platform to real estate, defi development, has been disclosed in a filing with the Securities and Exchange Commission that it will invest funds in the general purposes of corporation – potentially include the purchase of Solana.
Defi development intends to offer and sell a variety of security, including standard stock, preferred stock, debt security (which can be released in one or more series and perhaps senior or subordinated), warrants to buy shares of common stock, preferred stock, or security securities, units that contain any of these security and rights buyers, and do stock, debt security, or units.
Moreover, to produce staking rewards, Defi development intends to run validators to Solana Blockchain, which has already sold about $ 48.2 million worth of Sol.
Sol Strategies, a company that has been publicly exchanged by CEO Leah Wald, a co-founder of Digital Asset Advisory Valkyrie Investments, is leading the move.
Defi's development implemented a Treasury approach dedicated to Solana as part of its new course. In conjunction with the registration of the $ 1 billion shelf, the firm also submitted a registration application for 1.24 million shares on behalf of earlier investors, such as Arrington Capital, Payward (Kraken's Parent Company), and Pantera Capital.
Noteworthy, this results from the recent Sol purchase company's trend for their balance sheets more often to give the exposure of Tradfi investors to the token, to take a cue from Michael Saylor's Bitcoin purchase strategy.
The company's active participation in the Solana network by running and staking Solana can influence both the price of the token and its adoption within the decentralized financial space.
Defi development undergo a significant change in leadership
Defi's development also marked another milestone when the company recently announced that it obtained a convertible note facility worth up to $ 500 million to increase its investments in the Solana network.
The new product from Defi Development follows a major leadership change that took place earlier this month. Joseph Onorati, a former Kraken Executive, became a new chairman and CEO, and Parker White, another former Kraken Engineer, was appointed chief investment officer and chief operating officer.
In addition, the business has appointed John Han, a former executive from Binance and Kraken, as chief financial official.
Following the change of leadership, the stock of the Defi Development Corp.
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