DEFI Development Corporation – Now often nicknamed “Microstrategy of Solana” – has submitted a shelf of $ 1 billion with the American sec, according to a case file.
This decision strengthens the growing accent of the company on Solana (soil), with plans to build a considerable treasure of the token and execute validators on the network.
The company, formerly called Janover Inc., took a big step on April 22, 2025, renowned as Defi Development Corp to focus on the crypto industry. With the new name, he also changed his Nasdaq Ticker from JNVR to DFDV.
In its deposit of the SEC, Defi Development described the plans to offer a variety of titles, including common and privileged actions, debt instruments and mandates, the total offer capped at $ 1 billion. A shelf offer gives the development of flexibility to emit these titles over time, rather than one time.
In particular, the company has also included a proposal to register up to 1,24,4471 ordinary shares for resale by existing shareholders, linked to a previous financing tour in which Defu Development has lifted $ 41.95 million by convertible tickets.
Financing of a new cryptographic treasury strategy
The company intends to use the net product of the offer for general purposes of the company, strongly emphasizing the acquisition of Solana token (soil) as part of its new cash strategy.
“We intend to use the net product of the sale of any shooters offered under this prospectus mainly for general business purposes, including the acquisition of Solana,” noted the company in the file.
On April 4, 2025, the company’s board of directors approved a new cash policy, officially making Solana the main digital active in its reserves. As indicated in the dry file, the company plans to accumulate soil and integrate it into its main operations.
Currently, Defi Development has approximately $ 48.2 million in soil, including recent stimulation awards, and plans to grow this number considerably.
The Development Development Plan to store Solana was compared to Michael Saylor’s strategy with Microstrategy, where he transformed the Bitcoin company treasure. But the Defi development goes even further. Instead of simply hanging on to Solana, the company also directs Solana validators. This allows the company to put its soil and help secure the network, transforming its assets into something that works for them.
According to a Coinbase report, the company has already raised $ 42 million thanks to the convertible debt to finance its first purchases of Solana. Coinbase has described the company as potentially becoming the first large business floor whale, echoing the transformative role of microstrategy in the Bitcoin space.
The trend is already nicknamed “Solana MSTR” by certain parts of the cryptographic community.
The pivot of Development in Crypto began last year when he started accepting Bitcoin (BTC), Ethereum (ETH) and Solana (soil) as payments for his services. Initially focused on SaaS solutions to finance commercial properties, the company brought former Kraken leaders earlier this year to direct its cryptographic transition.
The redesign of the leaders seems to bear fruit, the actions of the company (JNVR, soon DFDV) winning almost 5% on the day of the announcement.
With the new cash policy in place, an important shelving offer filed and validator operations in preparation, Defi Development Corp bets Grande on Solana – and hopes to reshape his future around him.
Read also: Ark Invest takes the first direct participation in Solana via Etf
