DeFi Development Corp. plans to issue up to $1 billion in securities, with part of the funds to be used for the acquisition of Solana.

Wu learned that DeFi Development Corp. (formerly known as Janover Inc.) submitted a Form S-3 registration statement to the SEC on April 25, 2025, planning to issue up to $1 billion in common stock, preferred stock, bonds, warrants, units, and related rights, and to register up to 1,244,471 shares of common stock for resale by existing shareholders. The proceeds will be used for general corporate purposes, including the acquisition of Solana (SOL).