DeFi Development Corp submitted a $1 billion shelf registration application to the SEC.

PANews, April 26, news reported by The Block, DeFi Development Company (stock code: JNVR) has submitted a $1 billion shelf registration application to the U.S. SEC. A shelf registration allows companies to register new securities offerings without having to sell the entire offering at once. The documents state that DeFi Development Company can issue common stock, preferred stock, warrants, debt securities, and other instruments. The specific timing of the shelf offering has yet to be determined. The proposal must be approved by the U.S. SEC. DDC is one of many publicly traded companies that have recently focused on Solana. The company, along with Sol Strategies, Upexi, and Galaxy Digital, is acquiring SOL to provide investors with an alternative avenue to invest in the cryptocurrency.