DeFi Corp to Potentially Purchase $1B in Solana: Company Files for $1 Billion Shelf Registration

DeFi Development Corp has filed a registration statement allowing it to raise up to $1 billion, with the funds potentially used to acquire more Solana (SOL). The move follows an earlier investment of $9.9 million in SOL by the company just two days ago, bringing their total holdings to nearly $48 million in SOL tokens.