On April 26, DeFi Development Company (stock code: JNVR), a US-listed company known as "Solana's MicroStrategy", submitted a $1 billion shelf issuance application document to the SEC on Friday.

The so-called shelf issuance (also known as temporary registration) allows enterprises to register new securities issuance qualifications without the need to be sold in full immediately. The company, which just changed its name from Janover this week, may issue a variety of financial instruments such as common stock, preferred stock, warrants, debt securities, etc., according to the documents. "We may issue multiple times in separate or combined forms, with the issuance price and terms set at the time of sale, with the total raised amount not exceeding US$1 billion," the company wrote in the filing.

At present, the specific timetable for issuance of this shelf is not clear and needs to be approved by the SEC.

DeFi Development Company is one of the many listed companies that have recently laid out on Solana. Similar to institutions such as Sol Strategies, Upexi and Galaxy Digital, the company provides investors with alternative investment channels for cryptocurrencies by purchasing SOL tokens. Among them, DDC and Sol Strategies operate verification nodes at the same time and participate in staking, thereby converting the tokens held into interest-generating assets. DDC's main business inherited from Janover is the "SaaS service platform" for commercial real estate debt financing. The company began accepting BTC, ETH and SOL payments to enter the crypto space last year, and earlier this year hired former Kraken executives to lead the transformation. The company currently holds approximately $34.4 million worth of SOL tokens. Its stock JNVR rose nearly 5% on the day.