DeFi Development Secures $5 Billion for SOL Token Purchases
DeFi Development Corp., a Nasdaq-listed firm, has secured a $5 billion equity line. This move will allow the company to buy more SOL tokens adn boost its SOL Per Share (SPS) metric.
On June 12, DeFi development Corp.announced a significant financial move. The company, which focuses on Solana (SOL), has secured a $5 billion line of credit. This will help it buy more SOL tokens and increase its SOL Per Share (SPS) metric.
DeFi Development entered into a share purchase agreement with RK Capital Management LLC. This deal will allow the company to issue and sell common stock to raise funds. The company expects to access the facility after meeting certain conditions, including filing a registration statement with the U.S. Securities and Exchange Commission.
The agreement uses a “capital-on-demand” model. This gives DeFi Development the adaptability to raise capital gradually. It can also time deployments with favorable market conditions. This structure enables the company to scale on its own terms while compounding validator yield and maximizing long-term shareholder value.
Joseph Onorati, CEO of DeFi Development, said, “We now have the flexibility and structure we need to scale. This is a clean, strategic path to continue growing SOL per share and compounding validator yield.”
This move is a major milestone for DeFi Development. It is the first publicly traded U.S. company to adopt a Solana-focused treasury policy. The strategy is designed to give investors direct exposure to SOL while supporting the broader growth of the Solana ecosystem.
The $5 billion facility positions DeFi development as a central liquidity engine within the Solana network.It also offers traditional investors access to blockchain-native yields. The company’s validator strategy generates staking rewards and delegation fees, reinforcing Solana’s decentralization.
DeFi Development, formerly a real estate software company known as Janover, pivoted to a Solana-native strategy in April. As of its last reported acquisition on May 15, the company purchased 16,447 SOL for $2.3 million. it now holds a total of 609,190 SOL, worth over $97 million at current prices.
