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DeFi Development Corp. aims to raise $1 billion by selling securities to purchase Solana (SOL) tokens over time.
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The firm has already raised $42 million for SOL acquisitions and plans to continue expanding its holdings.
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DeFi Development intends to operate Solana validators, staking assets and earning rewards to reinvest in its treasury.
DeFi Development Corp. is raising funds to acquire Solana tokens, looking to solidify its position in the crypto market through an ambitious $1 billion strategy.
DeFi Development Bets Hard on Solana
In a trend that the crypto community is calling “Solana MSTR,” corporate actors have been buying SOL tokens. This significant move highlights a deeper interest in Solana, a blockchain platform recognized for its speed and scalability, particularly in decentralized finance (DeFi).
According to today’s SEC filing, DeFi Development is trying to fund this Solana acquisition through the same method as Strategy.
“[DeFi Development] has adopted a treasury policy under which the principal holding in its treasury reserve on the balance sheet will be allocated to digital assets, starting with Solana. The Board of Directors approved the Company’s new treasury policy on April 4, 2025, authorizing long-term accumulation of Solana,” the filing claims.
In addition to selling up to $1 billion in securities, DeFi Development plans to register up to 1,244,471 shares of common stock for potential resale by existing stockholders to use this liquidity to buy Solana.