Defi Development Corp Plans $1 Billion Offering to Expand Solana Holdings

Defi Development Corp files for $1B in securities to boost Solana holdings and growth. The company plans to use the raised funds for general purposes and to acquire more SOL tokens. Defi Development Corp aims to build a SOL reserve, signaling a shift toward digital assets. Defi Development Corporation, previously known as Janover, has submitted a registration statement to the SEC to offer public securities worth $1 billion. The securities the company intends to offer include common stock, preferred stock, bonds, notes, and warrants. Some of the funds will be used to acquire more SOL tokens as part of the firm’s new treasury management strategy. The filing also includes the resale of more than 1.2 million common shares of stock, originating from a prior $41.95 million convertible note offering. The company has stated that the funds raised will be used for general corporate purposes and the purchase of additional SOL tokens, thereby enhancing the pool of tokens available for staking and growth. It has not been clear when the offering will take place, as it is awaiting approval. (adsbygoogle = window.adsbygoogle || []).push({}); New Treasu… The post Defi Development Corp Plans $1 Billion Offering to Expand Solana Holdings appeared first on Coin Edition .