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DFDV

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NFT Gaming

Solana Will be ‘Chain of Choice;’ DFDV, UPXI, HODL Initiated at Overweight: Cantor

by admin June 16, 2025



Cantor initiated coverage of the three largest solana

treasury companies DeFi Development (DFDV), Upexi (UPXI) and Sol Strategies (HODL) with an overweight rating, the Wall Street firm said in a research report Monday.

The broker has a $45 price target for DeFi Development, a C$54 objective for Sol Strategies, and a $16 price target for Upexi.

“We believe SOL treasury companies are betting the future of finance will be on-chain and that the chain of choice will be Solana,” analysts led by Thomas Shinske wrote.

Solana’s biggest competitor is the Ethereum blockchain, Cantor noted, but its technology is meaningfully better than its larger peer on every metric.

“Developer growth on SOL has far exceeded that on ETH recently, and we expect this to continue,” the authors wrote.

Therefore, using solana as a treasury asset makes more sense than using ether

, the report said.

The report added that companies that have adopted solana as a treasury asset believe that the crypto can overtake ether, which currently has a market cap 2.5 times larger than SOL.

Read more: DeFi Adding $5B of Solana Buying Power With New Line of Credit



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Crypto Trends

Solana (SOL) Treasury News: DFDV Looks to Add

by admin June 12, 2025



DeFi Development (DFDV), the Nasdaq-listed firm pursuing a solana

treasury strategy, is planning to get some more dry powder to boost its SOL stack.

According to a Thursday press release, the company has secured a $5 billion equity line of credit with RK Capital Management. The agreement allows DeFi Dev to sell shares at its discretion, so long as it meets conditions like filing a resale registration with the U.S. Securities and Exchange Commission. The company said it plans to file the necessary paperwork soon.

“We now have the flexibility and structure we need to scale,” said Joseph Onorati, Chief Executive Officer. “This is a clean, strategic path to continue growing SOL per share and compounding validator yield.”

DFDV shares rebounded from early losses and were up 12% during the Thursday session.

The company, formerly known as real estate tech platform Janover, is part of a growing trend of publicly-traded firms raising funds by selling shares and debt to add cryptocurrencies on their balance sheet, following Strategy’s playbook with bitcoin

.

The firm focuses on Solana, accumulating the network’s native token and operating validators. It held over 609,000 SOL tokens as of May 16, worth $96 million at current prices.

The latest move comes shortly after the firm withdrew a previous filing for a $1 billion share sale, with plans to refile again.



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June 12, 2025 0 comments
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