DeFi Development Corporation Contemplates $1 Billion Fundraising to Strengthen Solana Asset Hoard
Take a gander at DeFi Development Corp., previously known as Janover, y'all. They've filed a registration statement with the Securities and Exchange Commission (SEC) to raise up to $1 billion in securities! This move comes as they dive deeper into a Solana-focused treasury strategy.
So what's the plan for the dough? Well, general corporate purposes top the list, with the primary goal being to amass more Solana. This shift marks a departure from their earlier focus on commercial real estate lending technology.
Already, they've dropped $48.2 million into Solana as part of their strategic reboot. Data from DefiLlama reveals that Solana outperforms Ethereum in terms of DeFi activity, suggesting that users prefer Solana due to its faster and cheaper transaction throughput. In fact, SOL has reclaimed its key resistance level of $150, indicating potential for further growth.
The Solana Stash
DeFi Development Corp. currently holds a hefty stash of Solana tokens, valued at around $48.2 million, including staking rewards. In April 2025, they added an additional $9.9 million worth of Solana, boosting their SOL position by approximately 65,305 tokens.
Future Outlook
Their future plans include funding expansion via SEC offerings, with the aim to acquire more Solana tokens, capturing the growth potential in the Solana ecosystem. They're also banking on operating validators on the Solana blockchain to earn staking rewards under their new leadership team.
With industry veterans like Joseph Onorati, the former chief strategy officer at Kraken, stepping up as chairman and CEO, it seems DeFi Development Corp. is taking its Solana bet seriously. As the DeFi landscape evolves, keeping an eye on these moves could be a wise decision.
Key Figures
- Holdings: Approximately 317,273 Solana (SOL) tokens, valued at around $48.2 million.
- Recent Acquisition: $9.9 million worth of Solana added in April 2025.
- Upcoming Offerings: Up to $1 billion in securities to be sold to fund further Solana acquisitions.
Sources:[1] DeFi Development Corp. filing[2] DeFi Development Corp. press release[3] TechCrunch[4] CoinMarketCap[5] Bloomberg
- DeFi Development Corp., now known as Janover, has filed with the Securities and Exchange Commission (SEC) to raise up to $1 billion in securities and is focusing on Solana.
- Their aim is to accumulate more Solana tokens, with corporate purposes being the primary objective.3.Currently, they hold around 317,273 Solana tokens valued at about $48.2 million.
- The company added an additional $9.9 million worth of Solana in April 2025, increasing their Solana position.
- Future plans include funding expansion through SEC offerings, with the goal of acquiring more Solana tokens.
- The CEO of DeFi Development Corp., Joseph Onorati, was previously the chief strategy officer at Kraken, suggesting their commitment to the Solana ecosystem.
