DeFi Development Corp., the first U.S. public company to centre its treasury strategy around accumulating and compounding Solana (SOL), has announced a major funding development. The company has signed a share purchase agreement, structured as an equity line of credit (ELOC), with RK Capital Management LLC. This agreement allows DeFi Dev Corp., the option but not the obligation, to issue and sell up to $5 billion in common stock to RK capital, subject to standard conditions including an effective registration statement for resale.
The ELOC gives DeFi Dev Corp., a more flexible way to raise capital, letting the company tap into funds over time instead of locking into one market price that might not work in its favor. That kind of flexibility matters, especially in a space as unpredictable as crypto. The funds raised will go toward boosting the company’s SOL holding and driving growth in SOL per share, a metric that continues to guide both strategy and investor focus.
Alongside the new agreement, DeFi Dev Corp. has filed a Form S-1 to register securities from earlier unregistered offerings dated June 11, 2025. With this move, it is clear that company is currently focusing on transparency and trying to keep up with the regulatory standards.
Joseph Onorati, Chief Executive Officer of DeFi Dev Corp. commented, “We now have the flexibility and structure we need to scale. This is a clean, strategic path to continue growing SOL per share and compounding validator yield.”
DeFi Dev Corp’s business model is unique in the public markets. The company’s treasury reserves are primarily allocated to Solana(SOL), providing investors with direct economic exposure to the cryptocurrency’s performance. Beyond holding and staking SOL, the company operates its own validator infrastructure, generating additional rewards and fees from delegated stake. The company is actively engaged in decentralized finance (DeFi) opportunities and is exploring further innovations to benefit from Solana’s expanding ecosystem.
Beyond its focus on crypto, the company also runs an AI-driven platform built for the commercial real estate space. It serves over a million users annually, from property owners and developers to lenders and service providers. The company’s SaaS tools help streamline billions in debt financing applications each year, bringing key players in real estate finance onto a single, connected platform.
The $5 billion ELOC opens up a big window for growth, but it does not come without risks, Shareholder dilution and exposure to Solana’s price swings are real considerations. Even so, the move highlights DeFi Dev Corp’s focus on scaling its SOL-based strategy and deepening its presence across both digital assets and real estate tech.
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