「SOL Version of MicroStrategy」 DDC Submits Filing to SEC to Raise $1 Billion in Funding in the Future

BlockBeats News, April 26th, the U.S. stock-listed company DeFi Development Company (stock code: JNVR), also known as the "MicroStrategy of Solana," submitted a $1 billion shelf registration statement to the SEC on Friday.

The so-called shelf registration (also known as delayed registration) allows companies to register new securities for issuance without the immediate full sale. The filing shows that the company, which was renamed from Janover earlier this week, may issue various financial instruments such as common stock, preferred stock, warrants, debt securities, etc. "We may issue in one or more offerings, and the offering price and terms will be determined at the time of sale, with a total fundraising amount not exceeding $1 billion," the company stated in the filing.

The specific timetable for this shelf offering is currently unclear and awaits SEC approval.

DeFi Development Company is one of the many publicly listed companies recently focusing on Solana. Similar to institutions such as Sol Strategies, Upexi, and Galaxy Digital, the company provides investors with alternative investment channels in cryptocurrency by purchasing SOL tokens. DDC and Sol Strategies operate validator nodes and participate in staking to convert held tokens into interest-bearing assets. DDC, which inherited Janover's main business, operates a "SaaS service platform" for commercial real estate debt financing. The company began accepting BTC, ETH, and SOL as payment for services last year to enter the crypto space and earlier this year hired a former Kraken executive to lead the transformation. The company currently holds SOL tokens worth approximately $34.4 million. Its stock, JNVR, rose nearly 5% on the day.