According to the latest development, DeFi Development Corp has filed for a $1 billion shelf registration.
The company may reportedly use some of the proceeds to purchase more Solana (SOL). The move comes after the company added $9.9 million worth of SOL to its treasury two days ago, bringing its total SOL holdings to 317,273 tokens, or about $48 million.
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The shelf registration system, which has been implemented in the US since the early 1980s, ensures that securities planned to be issued within a 2-year period are registered in advance by the authorized capital markets authority and made ready for sale.
The system is based on the assumption that the securities to be sold are “waiting on the shelf” and are “taken off the shelf” and offered to the market when needed. This method, which is open to issuers that meet certain eligibility conditions, aims to accelerate the issuance process, provide flexibility in terms of timing and pricing, and encourage larger volume issuances.
*This is not investment advice.
