DeFi Development Corp is aiming to raise over $1 billion to boost its investments in Solana, the sixth-largest cryptocurrency by market capitalization. The firm, which recently rebranded from Janover and was previously a commercial real estate financing platform, filed a Form S-3 registration statement with the SEC on April 25. The funds will be used for general corporate purposes, primarily for acquiring Solana tokens. The filing noted that while Solana does not pay interest, staking rewards can be earned, but there are risks linked to token price fluctuations that could affect the firm's plans. Recently, the firm adopted a Solana treasury reserve, drawing parallels to Michael Saylor's significant Bitcoin holdings. However, DeFi Development Corp expressed concerns over regulatory uncertainties that could impact Solana, including the potential reclassification of the token as a security, which might alter their business model negatively. Amid these concerns, the company continues to acquire Solana tokens, with a noted $11.5 million acquisition observed on April 22.

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