<ul data-eligibleForWebStory="false"><li>DeFi Development is transitioning from real estate to crypto by planning a $100 million convertible note offering to build a corporate treasury focused on Solana (SOL).</li><li>The SEC's rejection of the company's initial $1 billion plan led to a strategic shift towards accumulating crypto assets, leading to the current focus on SOL.</li><li>Despite the ambitious move, DeFi Development's stock dropped over 9% after the announcement, indicating investor caution due to SOL's recent price volatility.</li><li>The plan involves a strategic acquisition of SOL, similar to MicroStrategy's approach with Bitcoin, but tailored for the Solana ecosystem, aiming to transform Solana's perception as a corporate asset class.</li></ul>

Solana Gets $100 Million Corporate Boost as DeFi Development Bets Big on Blockchain

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