While a company of real estate financing origin, Defi Development Corp, which has recently become the identity of the “Solana Treasure Company”, reconstructs its plan to purchase $ 1 billion.

The rejection of the S-3 application for technical reasons for the SEC (US Securities and Stock Exchange Commission) caused the company’s temporary shelving the company’s securities export plan.

🧩 What happened?

📉 SEC rejected the company’s Form S-3 application.

Reason: Internal control report is not submitted within the legal period due to non-conformity conditions for Form S-3.

🧾 Company Description: Withdrawal of the application is compatible in terms of “protection of investors and public interest”.

🔁 New Plan: The Company will apply for re -registration in the following date.

💰 What is the purpose? Solana Treasury Model

Defi Development stated the purpose of the use of the fund in his application on April 25:

General Corporate Expenses

Solana (left) token purchases

Liquidity and stinging procedures

🚀 The company’s goal of purchasing has not yet ended. The withdrawal application is seen only as a technical failure.

🪙 What is the current solana treasure?

📦 Total left presence: 609.190 left

💸 Value: over $ 97 million (with mid -June prices)

🔁 Last purchase: 16,447 left on May 16 (average $ 139,66)

💧 Stinging Integration: It was converted to DFDVSOL format with a part of the liquid Stinging Token.

“Due to the volatility in the left price, the inheritance of hand -held tokens can take place at low price.” - Company Description

👥 Who is the management?

🔄 The company was taken over by former Kraken executives.

📈 More than 728,000 shares were purchased (on April 7).

🧑‍💼 New CEO: Joseph Onorati (former Strategy Director of Kraken)

Is it a wave of corporate breathing after Bitcoin?

Bitcoin treasure models are now in the agenda of many companies, while institutions such as Defi Development began to position Solana as the primary reserve asset. The distinctive aspects of this model:

⛓️ Solana’s high TPS and low trading cost advantage

🔗 High return potential with stinging and tank projects

🧩 Portfolio variety as an alternative to Ethereum

📊 Summary data:

| Title | Value | | ------------------------- ------------------------------- | | Application Type | SEC Form S-3 (retreated) | | Re -Application | Resale registration (soon) | | Targeted funding | \ $ 1 billion | | The left presence of the company | 609.190 Sol | | Current value (estimated) | \ $ 97 million+ | | CEO | Joseph Onorati (EX-Roof) | | Tokecination and stinging | Integration with DFDVSOL |