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Defi Development is looking for $ 1B to boost Solana investments, expand Treasury

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The Defi Development Corp (formerly Janover) aims to raise more than $ 1 billion worth of capital to invest in Solana, the sixth largest cryptocurrency of the industry through market capitalization.

The firm listed in Nasdaq, formerly a real estate financing platform that connects lenders to commercial property and consumers, announced Its plans in a form S-3 registration statement filed with the US Securities and Exchange Commission (SEC) on April 25.

File says that funds will be used for general corporate purposes, including Solana (Sol) Getting token.

*The filing of the Defi Development Corp S-3. Source: Sec*

According to the filing, the company can use proceeds from the offer to buy more Solana, which is noticed:

“Solana does not pay interest, but staking rewards can be obtained in Solana. The ability to produce a return to investment from net income from this offer depends on whether there is an appreciation for Solana’s value following our Solana purchases to the net proceeds from this offer.”

The company also warned that the change in Solana’s price could lead to converting cash tokens to a “large below” value that raised the net.

Janover is a company in real estate financing Connecting lenders and consumers of commercial possession before a team of former Kraken Exchange executives bought 728,632 sharing of its usual stock on April 7. Joseph Onorati, former chief officer of Kraken’s approach, has since been appointed chairman and CEO.

The announcement came shortly after the leadership of the Defi Development Corp adopted a Solana Treasury reserve, “by applying a proven model of public market to a possession earlier in its lifecycle, structure reflexive, and wide underexposed compared to Bitcoins.”

The new firm’s Solana Investment Treasury draws comparisons to Michael Saylor’s Approach, accumulated More than 538,200 Bitcoin (Btc) Until April 20 – the largest corporate holder held by Bitcoin in the world.

The Company’s Board of Directors approved Solana’s Treasury Policy on April 4, allowing long-term accumulation and the launch of Solana validators to enable the prevention of its treasury property.

Parker White, the company’s chief investment officer, who has previously served as an engineering director at the Kraken Exchange, runs a Solana validator with $ 75 million in delegated stake.

Regulatory concerns remain for Solana investment

While the implementation of the Treasury focused on Solana marks a significant step for the adoption of Altcoin, the firm remains concerned with the potential effects of fuzzy crypto regulations, according to the filing:

“We can undergo regulation development related to crypto assets and crypto asset markets, which can affect our business, financial conditions, and results of operations.”

The company cites vague regulations around digital possessions, which may “adversely affect Solana’s price” and, in turn, impact the “market price of our usual stock.”

The firm noted that Solana’s potential “Reclassifying” as a security remains a particular concern, which could lead to the firm classified as an investment company under the Investment Company Act of 1940.

However, the price of the company’s sharing benefits its Social Gettings. Its Sharing will rise more than 12% When the Defi Development Corp added $ 11.5 million worth of Solana tokens to its treasury on April 22, Cointelegraph reported.

“The decision of the commercial owned Janover platform to add Sol to its treasury is truly groundbreaking,” Chris Chung, founder of Solana-based platform, said Titan, in Cointelegraph. “I am confident that we will see many other businesses that follow the suit before the crypto becomes increasingly adopted by traditional finances.”

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