DeFi Development Corp submits $1 billion storage shelf issuance application to SEC

According to The Block, DeFi Development Company (stock code: JNVR) has submitted a $1 billion shelf issuance application to the US SEC. Shelf issuance allows companies to register newly issued securities without the need to sell all of them at once. The document states that DeFi Development Company can issue common stock, preferred stock, warrants, debt securities, and other instruments. The specific time for the issuance of storage racks is not yet clear. This proposal must be approved by the US SEC. DDC is one of the many listed companies that have recently been paying attention to Solana. The company, like Sol Strategies, Upexi, and Galaxy Digital, is acquiring SOL to provide investors with another way to invest in the cryptocurrency.