Defi Development Corporation, previously known as Janover Incorporated, has filed a $1 billion securities offering plan to expand treasury holdings in Solana.
The company intends to offer a variety of securities, including common stocks and debt instruments, primarily for general corporate purposes.
Defi Development Corporation has seen a boost in its stock value after introducing Solana into its treasury, with current Solana assets totaling approximately $48.2 million.
However, the company remains cautious about potential regulatory risks and the reclassification of Solana as a security, which could impact its business and financial condition.