DeFi Development Could Be “Solana’s MicroStrategy”

DeFi Improvement Corp. (previously Janover Inc.) is making an attempt to lift $1 billion by promoting securities to purchase Solana (SOL) over time.

Earlier right this moment, a report from Coinbase claimed that the agency had already raised $42 million for SOL purchases with comparable gross sales. Apparently, these operations have been solely the start of a a lot bigger ambition.

DeFi Improvement Bets Onerous on Solana

In a development that the crypto group is asking “Solana MSTR,” company actors have been shopping for SOL tokens.

In keeping with right this moment’s SEC filing, DeFi Improvement is making an attempt to fund this Solana acquisition by means of the same method as Strategy:

“[DeFi Development] has adopted a treasury coverage underneath which the principal holding in its treasury reserve on the steadiness sheet can be allotted to digital belongings, beginning with Solana. The Board of Administrators permitted the Firm’s new treasury coverage on April 4, 2025, authorizing long-term accumulation of Solana,” the submitting claims.

Along with promoting as much as $1 billion in securities, DeFi Improvement plans to register as much as 1,244,471 shares of widespread inventory for potential resale by present stockholders to make use of this liquidity to purchase Solana.

Particular particulars about every providing will seem in a complement offered on the time of sale.

Coinbase observed DeFi Improvement’s Solana ambitions and described them in a report launched earlier right this moment. The report described the corporate’s efforts to lift $42 million in convertible notes, utilizing these funds to construct an SOL reserve.

The corporate just lately modified its identify from Janover, and it now trades on the Nasdaq underneath the image DFDV. DeFi Improvement additionally goals to function a number of Solana validators, enabling it to stake its treasury belongings, take part in securing the community, and earn rewards that may be reinvested.

Company Solana funding is tiny in comparison with Bitcoin, however DeFi Improvement may be its first whale. MicroStrategy’s plan to become a massive BTC holder didn’t simply change its own character; it additionally remodeled Bitcoin.

The corporate now serves as a major pillar of public confidence in Bitcoin. Maybe DeFi Improvement might have the same impression on SOL.