DeFi Development Corp. Copycats Strategy’s Bitcoin Move: Can Solana Get the Same Boost?

In a bold move, DeFi Development Corp. (formerly Janover Inc.) has set its sights on Solana [SOL], echoing Strategy’s famous Bitcoin [BTC] strategy.

DeFi Development’s Solana Strategy

According to recent filings with the U.S. Securities and Exchange Commission (SEC), the company plans to raise up to $1 billion through securities sales to steadily accumulate SOL tokens.

Coinbase’s latest report shows that the company has raised $42 million for the Solana acquisition, hinting that this is just the beginning of a broader plan.

As this strategy gains momentum, the crypto community has dubbed the trend “Solana MSTR” as corporate players increasingly bet on Solana’s long-term value.

The company said in response, "[DeFi Development] has adopted a financial policy under which the principal in its financial reserves on its balance sheet will be allocated to digital assets, starting with Solana. The board of directors approved the company's new financial policy on April 4, 2025, authorizing the long-term holding of Solana."

Will Solana be the next hot thing after Bitcoin?

In addition, the company plans to register 1,244,471 shares of common stock for resale by existing shareholders and use the liquidity generated by these transactions to fund its Solana acquisition efforts.

In addition, the company, which currently trades on the Nasdaq under the ticker DFDV, also plans to establish one or more Solana validators, allowing it to stake assets, protect network security, and earn reinvested returns.

Although corporate investments in Solana are still relatively small compared to Bitcoin, DeFi Development's ambition to become a major player may reflect Strategy's influence on Bitcoin.

Strategy's bold BTC accumulation strategy not only reshaped its own business model, but also helped boost Bitcoin's legitimacy.

Likewise, the strategic focus of DeFi Development on Solana could play a key role in solidifying blockchain’s place in the broader market.

Is Strategy playing the role of a torchbearer?

It’s undisputed that Strategy (formerly MicroStrategy) has become a guiding light for many companies with its pioneering Bitcoin strategy.

One notable example is Metaplanet, often referred to as “Asia’s MicroStrategy,” which has drawn a lot of inspiration from the American company’s approach to corporate financial management.

In fact, on April 14, Strategy founder Michael Saylor made headlines when he announced the acquisition of an additional 3,459 Bitcoins for $285.8 million, bringing the company’s total holdings to a staggering 531,644 BTC.

The move further solidified Strategy’s position as a pioneer in corporate Bitcoin accumulation and inspired other companies to consider similar strategies to diversify their balance sheets and use digital assets as a store of value.

So, as DeFi Development Corp. moves into the Solana world, it’s clear that the innovative paths blazed by Strategy and other corporate entities could shape the future of crypto investing across multiple blockchains.