DeFi Development Corp. (JNVR) has announced plans to raise up to $1 billion through a securities offering, aiming to bolster its treasury strategy focused on Solana (SOL). The proceeds will be used for general corporate purposes, including acquiring more SOL, adding to the $48.2 million worth it has already purchased. After shifting its focus from commercial real estate lending technology, the firm aims to operate validators on the Solana blockchain to earn staking rewards. Recent leadership changes included the appointment of former Kraken executive Joseph Onorati as CEO, which sparked a 970% surge in stock prices. DeFi Development also filed to register shares on behalf of early investors, including Pantera Capital and others. As corporations increasingly buy SOL as a balance sheet asset, this offering reflects a growing trend within the crypto investment space, similar to strategies employed by prominent investors in bitcoin.

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