纳斯达克上市的Defi Development Corp.正在寻求筹集1B美元，以扩大其索拉纳投资并建立更大的国库

此举是因为该公司以将房地产买家与贷方连接起来，并向数字资产枢转闻名。

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.曾以将房地产买家与贷方联系起来而闻名，他正在向数字资产旋转，重点是Solana。

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

SEC文件显示，该公司计划筹集10亿美元，以扩大其Solana Investments并建立更大的财政部。

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.

新资本将用于通用运营并购买Solana代币。这些资金还将支持任何潜在的收购并维持日常业务需求。

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

Solana不会产生固定的利息，但是该公司可以从积累活动和其他创收工具中获得收益。

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

但是，任何利润都将在很大程度上取决于Solana的价格变动，这在很大程度上是不可预测的。

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

该公司指出，令牌的公允价值下降可能会影响其收益。

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.

它的更名始于本月初的领导变化。前Kraken高管收购了Janover的728,632股股票，导致了管理的转变。

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

克雷肯前首席战略官约瑟夫·奥诺拉蒂（Joseph Onorati）担任董事长兼首席执行官的角色，指导公司朝着新的方向指导。

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.

不久之后，Defi Development Corp.揭示了其战略：建立索拉纳国库。根据公司的报表，目标是将公共市场的国库模式应用于Solana，他们认为与比特币相比，他们认为这是其市场周期的早期资产。

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.

该策略与迈克尔·塞勒（Michael Saylor）的策略积极的比特币积累进行了比较。截至4月20日，Saylor的公司在上市公司中拥有最多的比特币。

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

鉴于索拉纳（Solana）的历史较短和较低的机构曝光率，Defi Develobs的计划虽然采用类似的模型，但仍有不同的风险。

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.

该公司董事会于4月4日批准了Solana财政部政策。该政策允许长期积累和验证者部署，这意味着公司可以利用资产并通过网络参与来获得奖励。

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.

公司首席投资官，克雷肯（Kraken）的前工程主管帕克·怀特（Parker White）已经采取了行动。怀特推出了一个由7500万美元的授权股份支持的索拉纳验证器节点。

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

此举表明，公司的新方向不仅是理论上的，而且是运营的。

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

尽管如此，该公司仍然谨慎。它承认，目前缺乏关于数字资产的明确法规可能会带来严重的挑战。

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，不断变化的规则可能会损害其业务，影响Solana的价格并权衡其股票价值。

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.

另一个问题与将来的Solana作为安全性的潜在分类有关。如果监管机构决定这样做，Defi Development Corp.可能会被迫根据1940年的《投资公司法》注册为投资公司，这将带来新的法律和金融障碍。

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.

尽管有这些担忧，但Defi Development Corp.已经进行了大量购买。 4月22日，它在其财政部增加了价值1,150万美元的Solana代币。

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

宣布这一消息后，该公司的股票增长了12％以上，反映了市场热情。

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.

尽管Defi Development对Solana的押注可以被视为有远见的或鲁ck的，但结果将取决于远远超出公司控制的因素，包括代币绩效，法规清晰度和金融市场中更广泛的采用率。

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，该公司的转型标志着其起源在商业房地产融资中的急剧突破，这表明公司愿意冒险在不确定的市场中重新定义其未来。