Company Blocked by SEC for 1 Billion Dollar Altcoin Purchase is Back in Action: Insisting on Buying This Altcoin! Announced Its New Move!

The ***DeFi Development Corp, previously known as Janover, trading on Nasdaq, insists on continuing to acquire Solana (SOL).

DeFi Development, which applies the tactics of MicroStrategy, the largest institutional Bitcoin bull, announced its goal to raise funds to establish a strategic reserve for Solana.

The company announced that it will issue convertible senior bonds worth 100 million dollars to qualified institutional buyers.

The income to be obtained is planned to be used for the repurchase of common stocks, as well as for general corporate activities and the acquisition of Solana.

"Under Rule 144A of the Securities Act, we will issue convertible senior bonds totaling 100 million US dollars due in 2030 to qualified institutional buyers classified as investors."

DeFi Development previously had to withdraw its $1 billion public offering due to the absence of a management report on internal controls in the 10-K form. The company planned to acquire part of the $1 billion funds with Solana (SOL).

Analysts expect that with the increased clarity in crypto regulations, institutional investors' demand for SOL will rise and there may be a potential increase in the later periods of the year.