DEFI DEVELOPMENT CORP. (JNVR), previously known as Janover, is doubling its plan to buy more solana for its treasure, since it seems to offer up to $ 1 billion in values.
The firm, previously a commercial goods loan technology platform, revealed in a presentation of the United States Stock Exchange and Securities Commission (SEC) that plans to use funds for “general corporate purposes, including the acquisition of Solana”. The offer will include common and favorite actions, debt instruments, warrants and units.
Defi Development has already acquired approximately $ 48.2 million of sun and plans to operate validators in the Solana block chain to obtain betting rewards.
Taking a play book from Michael Saylor’s Bitcoin purchase strategy, corporations have been buying more and more sun for their balance sheets to provide investors for exposure to Token.
Sol Strategies, the company that is quoted in the stock market led by the CEO Leah Wald, co -founder forming the Digital Assets Manager, Valkyrie Investments, headed the movement. Recently, the firm announced that it had secured an installation of convertible notes of up to $ 500 million to increase its investments in the Solana network.
Development’s new offer is produced after an important leadership shake earlier this month. The former Kraken executive, Joseph Onorati, assumed the position of CEO and president, and Parker White, another former Kraken engineer, was appointed Operations Director and Investment Director. The company also brought John Han, a former Binance and Kraken executive, as CFO. Defi Development adopted a Treasury strategy centered in Solana as part of its new direction.
In addition to the $ 1 billion platform registration, Defi Development also appeared to register 1.24 million shares on behalf of the first investors, including Capital Panther, Payward (Kraken Matrix Company) and Arrington Capital.
Development Corp’s actions increased more than 970% after leadership shaking and rose approximately 4% in negotiation out of time on Friday to be $ 54 per share.
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