PANews reported on April 26 that according to The Block, DeFi Development Company (stock code: JNVR) has submitted a $1 billion shelf offering application to the US SEC. Shelf offerings allow companies to register newly issued securities without having to sell all of them at once. The document states that DeFi Development Company can issue common stock, preferred stock, warrants, debt securities and other instruments. The specific timing of the shelf offering is still unclear. The proposal must be approved by the US SEC.

DDC is one of many public companies that have recently taken an interest in Solana. The company, like Sol Strategies, Upexi, and Galaxy Digital, is acquiring SOL to provide investors with another way to invest in the cryptocurrency.