DeFi Development (DFDV), a Nasdaq-listed company focused on Solana treasury strategies, has secured a $5 billion equity line of credit with RK Capital Management to increase its SOL holdings.
The agreement permits DFDV to sell shares at its discretion, provided it complies with requirements such as filing a resale registration with the U.S. Securities and Exchange Commission, which the company plans to submit soon.
“We now have the flexibility and structure we need to scale,” said Joseph Onorati, CEO. “This is a clean, strategic path to continue growing SOL per share and compounding validator yield.” Following the announcement, DFDV shares rose 12% during Thursday’s trading session.
Previously known as Janover, a real estate technology platform, DFDV is part of a growing wave of publicly traded firms using share and debt offerings to acquire cryptocurrencies for their balance sheets, following strategies popularized by bitcoin adopters.
The company focuses on accumulating Solana’s native token and operating validator nodes. As of May 16, DFDV held over 609,000 SOL tokens, valued at $96 million based on current market prices.
The new credit facility follows a withdrawn $1 billion share sale filing, which the company plans to refile.