DeFi Dev Secures $5B Credit Line to Expand Solana Holdings

DeFi Development (DFDV), a Nasdaq-listed firm focused on a Solana-based treasury strategy, has secured a $5 billion equity line of credit from RK Capital Management to expand its SOL holdings. The agreement grants DFDV the option to sell shares at its discretion, contingent on regulatory filings with the U.S. Securities and Exchange Commission. The company announced plans to file the required resale registration soon.

CEO Joseph Onorati emphasized the strategic importance of the deal, stating it provides “the flexibility and structure needed to scale,” with a focus on increasing SOL per share and compounding validator yield. Following the announcement, DFDV shares climbed 12% on Thursday, reversing earlier losses.

Formerly operating as a real estate tech firm under the name Janover, DFDV has transitioned into a crypto-focused model, accumulating Solana’s native token and operating network validators. As of May 16, the company held over 609,000 SOL, valued at approximately $96 million.

This move aligns DFDV with a broader trend among public companies leveraging equity and debt instruments to accumulate digital assets—mirroring the strategy used by firms like Strategy (formerly MicroStrategy) with Bitcoin. The firm’s previous attempt to raise $1 billion through a share sale was recently withdrawn, but DFDV plans to refile.

As interest in Solana’s ecosystem grows, DFDV’s aggressive accumulation strategy highlights the rising appeal of blockchain-native treasuries. The company’s validator operations and strategic fundraising point to a long-term commitment to the Solana network, positioning it as a key player in institutional crypto adoption.