納斯達克上市的Defi Development Corp.正在尋求籌集1B美元，以擴大其索拉納投資並建立更大的國庫

此舉是因為該公司以將房地產買家與貸方連接起來，並向數字資產樞轉聞名。

DeFi Development Corp., once known for connecting real estate buyers with lenders, is pivoting towards digital assets with a new focus on Solana.

Defi Development Corp.曾以將房地產買家與貸方聯繫起來而聞名，他正在向數字資產旋轉，重點是Solana。

The company plans to raise $1 billion to expand its Solana investments and build a larger treasury, according to an SEC filing.

SEC文件顯示，該公司計劃籌集10億美元，以擴大其Solana Investments並建立更大的財政部。

The new capital will be used for general operations and to purchase Solana tokens. The funds will also support any potential acquisitions and sustain daily business needs.

新資本將用於通用運營併購買Solana代幣。這些資金還將支持任何潛在的收購併維持日常業務需求。

Solana does not generate fixed interest but the company could realize gains from staking activities and other income-generating instruments.

Solana不會產生固定的利息，但是該公司可以從積累活動和其他創收工具中獲得收益。

However, any profits will depend largely on Solana’s price movements, which are largely unpredictable.

但是，任何利潤都將在很大程度上取決於Solana的價格變動，這在很大程度上是不可預測的。

The company noted that a decrease in the fair value of the tokens could impact its earnings.

該公司指出，令牌的公允價值下降可能會影響其收益。

Its rebranding began earlier this month with a leadership change. Former Kraken executives acquired 728,632 shares of Janover, leading to a shift in management.

它的更名始於本月初的領導變化。前Kraken高管收購了Janover的728,632股股票，導致了管理的轉變。

Joseph Onorati, Kraken’s former chief strategy officer, assumed the roles of chairman and CEO, guiding the firm in a new direction.

克雷肯前首席戰略官約瑟夫·奧諾拉蒂（Joseph Onorati）擔任董事長兼首席執行官的角色，指導公司朝著新的方向指導。

Shortly after, DeFi Development Corp. unveiled its strategy: building a treasury of Solana. The goal, according to company statements, is to apply a public-market treasury model to Solana, an asset they believe is still early in its market cycle compared to Bitcoin.

不久之後，Defi Development Corp.揭示了其戰略：建立索拉納國庫。根據公司的報表，目標是將公共市場的國庫模式應用於Solana，他們認為與比特幣相比，他們認為這是其市場週期的早期資產。

This strategy draws comparisons to Strategy’s aggressive Bitcoin accumulation under Michael Saylor. As of April 20, Saylor’s firm holds the largest amount of Bitcoin among public companies.

該策略與邁克爾·塞勒（Michael Saylor）的策略積極的比特幣積累進行了比較。截至4月20日，Saylor的公司在上市公司中擁有最多的比特幣。

DeFi Development’s plan, though modeled similarly, carries different risks given Solana’s shorter history and lower institutional exposure.

鑑於索拉納（Solana）的歷史較短和較低的機構曝光率，Defi Develobs的計劃雖然採用類似的模型，但仍有不同的風險。

The company’s board of directors approved the Solana treasury policy on April 4. This policy allows for long-term accumulation and validator deployment, meaning the firm can stake assets and potentially earn rewards through network participation.

該公司董事會於4月4日批准了Solana財政部政策。該政策允許長期積累和驗證者部署，這意味著公司可以利用資產並通過網絡參與來獲得獎勵。

Parker White, the firm’s chief investment officer and a former engineering director at Kraken, has already taken action. White launched a Solana validator node backed by $75 million in delegated stake.

公司首席投資官，克雷肯（Kraken）的前工程主管帕克·懷特（Parker White）已經採取了行動。懷特推出了一個由7500萬美元的授權股份支持的索拉納驗證器節點。

This move shows that the company’s new direction is not just theoretical but operational.

此舉表明，公司的新方向不僅是理論上的，而且是運營的。

Still, the firm remains cautious. It acknowledged that the current lack of clear regulations around digital assets could create serious challenges.

儘管如此，該公司仍然謹慎。它承認，目前缺乏關於數字資產的明確法規可能會帶來嚴重的挑戰。

DeFi Development Corp. stated that changing rules could hurt its business, impact Solana’s price, and weigh on its stock value.

Defi Development Corp.表示，不斷變化的規則可能會損害其業務，影響Solana的價格並權衡其股票價值。

Another concern pertains to the potential classification of Solana as a security in the future. If regulators decide to do so, DeFi Development Corp. might be forced to register as an investment company under the Investment Company Act of 1940, an outcome that would bring new legal and financial hurdles.

另一個問題與將來的Solana作為安全性的潛在分類有關。如果監管機構決定這樣做，Defi Development Corp.可能會被迫根據1940年的《投資公司法》註冊為投資公司，這將帶來新的法律和金融障礙。

Despite these concerns, DeFi Development Corp. has already made large purchases. On April 22, it added $11.5 million worth of Solana tokens to its treasury.

儘管有這些擔憂，但Defi Development Corp.已經進行了大量購買。 4月22日，它在其財政部增加了價值1,150萬美元的Solana代幣。

Following the announcement, the company’s stock jumped more than 12%, reflecting market enthusiasm.

宣布這一消息後，該公司的股票增長了12％以上，反映了市場熱情。

While DeFi Development’s bet on Solana could either be considered visionary or reckless, the outcome will depend on factors far beyond the company’s control — including token performance, regulatory clarity, and broader adoption rates in financial markets.

儘管Defi Development對Solana的押注可以被視為有遠見的或魯ck的，但結果將取決於遠遠超出公司控制的因素，包括代幣績效，法規清晰度和金融市場中更廣泛的採用率。

For now, the company’s transformation marks a sharp break from its origins in commercial real estate finance, showing how firms are willing to take bold risks to redefine their futures in an uncertain market.

目前，該公司的轉型標誌著其起源在商業房地產融資中的急劇突破，這表明公司願意冒險在不確定的市場中重新定義其未來。