Defi Development Corp. (JNVR), formerly known as Janover, doubles his plan to buy more Solana to his treasury as it seems to offer up to $ 1 billion securities.
The company, formerly a commercial real estate -loan technical platform, revealed in an American Securities and Exchange Commission (SEC), which archives that it plans to use the funds for “general business purposes, including the acquisition of Solana.” The supply will include ordinary and preferred shares, debt instruments, warrants and devices.
Defi Development has already acquired approximately $ 48.2 million sun and plans to operate validators at Solana Blockchain to earn poor ways.
By taking a Playbook out of Michael Saylor’s Bitcoin purchase strategy, companies have increasingly bought sun for their balance to give Tradfi investors exposure to token.
SOL strategies, the listed company helped by CEO Leah Wald-Former’s co-founder of Digital Asset Manager Valkyrie Investments-Turn Movement. Recently, the company announced that it had secured up to $ 500 million convertible note facility to increase its investments in the Solana network.
Defi Development’s new offering comes after a significant leadership shaup earlier this month. Former Kraken director Joseph Onorati took over as CEO and chairman, and Parker White, another ex-cracker, was appointed Chief Operating Officer and Chief Investment Officer. The company also brought John Han, a former Binance and Kraken Executive, as CFO. Defi Development adopted a Treasury strategy centered around Solana as part of its new direction.
In addition to the shelf registration of $ 1 billion, Defi Development also filed for registering 1.24 million shares on behalf of the early investors, including Pantera Capital, Payward (parent company to Kraken) and Arrington Capital.
Shares of Defi Development Corp increased more than 970% for leadership and moved up approx. 4% in posterity trading on Friday for now standing at $ 54 per year. Stock.
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