{"id":128020,"date":"2025-04-26T13:15:29","date_gmt":"2025-04-26T13:15:29","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128020"},"modified":"2025-04-26T13:15:29","modified_gmt":"2025-04-26T13:15:29","slug":"defi-development-seeks-1b-to-boost-solana-investments-expand-treasury","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128020","title":{"rendered":"DeFi Development seeks $1B to boost Solana investments, expand treasury"},"content":{"rendered":"

Source: Cointelegraph.com NewsDeFi Development Corp (formerly Janover) aims to raise over $1 billion worth of capital to invest in Solana, the industry\u2019s sixth-largest cryptocurrency by market capitalization.
\nThe Nasdaq-listed firm, previously a real estate financing platform connecting commercial property lenders and buyers, announced its plans in a Form S-3 registration statement filed with the US Securities and Exchange Commission (SEC) on April 25.
\nThe filing states that the funds will be used for general corporate purposes, including Solana (SOL) token acquisitions.
\nDeFi Development Corp S-3 filing. Source: SECAccording to the filing, the company may use proceeds from the offering to purchase more Solana, noting:
\n\u201cSolana does not pay interest, but staking rewards can be earned on Solana. The ability to generate a return on investment from the net proceeds from this offering will depend on whether there is appreciation in the value of Solana following our purchases of Solana with the net proceeds from this offering.\u201d
\nThe company also warned that fluctuations in Solana\u2019s price could lead to it converting the tokens into cash at a value \u201csubstantially below\u201d the net proceeds raised.
\nRelated: Deloitte predicts $4T tokenized real estate on blockchain by 2035
\nJanover was a real estate financing company connecting lenders and buyers of commercial properties before a team of former Kraken exchange executives bought 728,632 shares of its common stock on April 7. Joseph Onorati, former chief strategy officer at Kraken, has since been appointed as chairman and CEO.
\nThe announcement comes shortly after the leadership of DeFi Development Corp adopted a Solana treasury reserve, \u201cby applying a proven public-market treasury model to an asset that\u2019s earlier in its lifecycle, structurally reflexive, and vastly underexposed as compared to Bitcoins.\u201d
\nThe firm\u2019s new Solana investment treasury has drawn comparisons to Michael Saylor\u2019s Strategy, which has amassed over 538,200 Bitcoin (BTC) as of April 20 \u2014 the world\u2019s largest corporate Bitcoin holder.
\nThe firm\u2019s board of directors approved the company\u2019s Solana-focused treasury policy on April 4, authorizing long-term accumulation and the launch of Solana validators to enable the staking of its treasury asset.
\nParker White, the firm\u2019s chief investment officer, who previously served as an engineering director at Kraken exchange, already runs a Solana validator with $75 million in delegated stake.
\nRelated: US banks are \u2018free to begin supporting Bitcoin\u2019 \u2014 Michael Saylor
\nRegulatory concerns remain for Solana investment
\nWhile the Solana-focused treasury implementation marks a significant step for altcoin adoption, the firm remains concerned by the potential effects of opaque crypto regulations, according to the filing:
\n\u201cWe may be subject to regulatory developments related to crypto assets and crypto asset markets, which could adversely affect our business, financial condition, and results of operations.\u201d
\nThe firm cites unclear regulations around digital assets, which may \u201cadversely affect the price of Solana\u201d and, in turn, impact \u201cthe market price of our common stock.\u201d
\nThe firm noted that Solana\u2019s potential \u201creclassifying\u201d as a security remains a particular concern, which may lead to the firm being classified as an investment company under the Investment Company Act of 1940.
\nHowever, the firm\u2019s share price has been benefiting from its Solana acquisitions. Its shares rose by over 12% when DeFi Development Corp added $11.5 million worth of Solana tokens to its treasury on April 22, Cointelegraph reported.
\n\u201cThe decision by commercial property platform Janover to add SOL to its treasury is truly groundbreaking,\u201d Chris Chung, founder of Solana-based swap platform Titan, told Cointelegraph. \u201cI\u2019m confident we will see many other businesses follow suit before long as crypto becomes increasingly adopted by traditional finance.\u201d\u00a0
\nMagazine: Ripple says SEC lawsuit \u2018over,\u2019 Trump at DAS, and more: Hodler\u2019s Digest, March 16 \u2013 22Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsDeFi Development Corp (formerly Janover) aims to raise over $1 billion worth of capital to invest in Solana, the industry\u2019s sixth-largest cryptocurrency by market capitalization. The Nasdaq-listed firm,… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128020"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128020"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128020\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128020"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}