Solana-focused investment firm Sol Strategies filed a preliminary base shelf prospectus for up to $1 billion, as DeFi Development Corp. revealed it will adopt liquid-staked SOL for its treasury operations.
According to a May 27 Sol Strategies announcement, the publicly traded Canadian Solana investment and infrastructure company “will be permitted to make offerings of common shares” of up to $1 billion, but does not indicate an immediate offering. CEO Leah Wald said the move supports the company’s long-term growth plans.
“The filing of a base shelf prospectus supports our growth strategy by providing us with the flexibility to access capital as future opportunities arise in the rapidly evolving Solana ecosystem,” she said.
Source: Sol Strategies
In a May 28 announcement, Solana treasury firm DeFi Dev announced its adoption of Solana liquid staking tokens. The firm will now divert part of its Solana holdings to the liquid staking token dfdvSOL.
The announcement followed DeFi Dev’s addition