DeFi Development Corporation will place $1 billion in securities to buy SOL

Earlier this month, the company had already invested over $11 million in the asset

28.04.2025 - 12:50

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What’s new? DeFi Development Corporation (DDC) has filed a $1 billion securities offering with the US Securities and Exchange Commission (SEC). It will use the funds for general corporate purposes, including increasing its investment in the native token of the Solana (SOL) blockchain. In this way, it will offer investors access to the sixth largest cryptocurrency with a capitalization of $78,5 billion without having to hold it directly. Michael Saylor’s Strategy and Japan’s Metaplnet operate similarly, but unlike DDC, they accumulate bitcoin on their balance sheets.

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What else is known? Shares of DDC, formerly Janover, are trading on Nasdaq under the ticker JNVR at $51,91, having gained 4,6% over the day. Since the beginning of the year, their returns have reached 1000%.

DCC’s core business is delivering Software as a Service (SaaS) for commercial real estate debt financing. Last year, the company started dealing with cryptocurrencies, adding support for BTC, ETH, and SOL as fees for its services. Earlier this year, it brought in former top executives from US-based centralized crypto exchange (CEX) Kraken to lead the transition to a new strategy.

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DDC is among a number of publicly traded companies interested in Solana. Like Sol Strategies, Upexi, and Galaxy Digital, it is buying SOL tokens to provide investors with an alternative way to access the cryptocurrency. DDC and Sol Strategies are also running validators and putting tokens into staking, earning additional revenue for participating in blockchain security.

On April 22, DDC bought SOL for $11,5 million, bringing the total number of coins on its balance sheet to 251 842, or about $38,2 million at current exchange rates.

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