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Solana financial strategy company DeFi Development Corp, a share purchase agreement of up to 720 billion yen for additional funding.
On the 12th, DeFi Development Corp (formerly Janover), a Nasdaq-listed company implementing the financial strategy of the cryptocurrency Solana (SOL), announced that it has entered into a stock purchase agreement with RK Capital Management.
This aims to secure funding and accelerate the continuous accumulation of Solana and the growth of Solana per share.
The contract stipulates that DeFi Development Corp has the right to issue and sell common stock worth up to $5 billion (approximately ¥720 billion) to RK Capital, in accordance with customary conditions including the resale registration statement. However, it is not obligated to do so.
DeFi Development Corp plans to promptly submit a registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) to enable the implementation of this content.
This stock underwriting agreement allows DeFi Development Corp to gradually secure funding when strategically advantageous. It mitigates the risk of issuing shares at a single price.
The company's CEO, Joseph Onorati, commented as follows.
We have now obtained the structure and flexibility necessary for scaling up. This is a clear and strategic path to continue the growth of Solana per share and to compound the validator yield.
DeFi Development Corp announced at the end of May that it will enhance its own Solana validator operations and finances using liquid staking technology.
It is stated that they will issue a token called "dfdvSOL" in collaboration with "Sanctum" and invest a portion of the Solana held by the company.
What is liquid staking?
A DeFi (decentralized finance) mechanism that allows you to receive cryptocurrency staking interest while managing alternative assets (staking proof tokens).
The total value locked (TVL) in Solana has now increased to approximately $8.7 billion (about ¥1.2 trillion), recovering to levels not seen since February.
In addition, the decentralized prediction market Polymarket currently shows that the probability of the SEC approving a Solana spot ETF (exchange-traded fund) by the end of December 2025 has risen to about 90%.
Major companies such as VanEck, Grayscale, and Bitwise have submitted applications for a Solana spot ETF. The U.S. SEC has requested several companies to submit revised applications, and Bloomberg ETF analyst James Seyfert expects approval as early as July, but no later than this year.
Solana (SOL) News and Price
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