Publicly Traded Solana Treasury Firm Is ‘Showing What’s Next’ for Strategy’s Bitcoin Model

Definish Corp Development, a public trading company building a Saltworks Treasury, says that it goes a different path from other crippto treasury vehicles, pusing its way into the ecosystem of the salt pans and maintaining laser focus on its “northern star” of maximizing salt on the section.

Established in Early AprilSolana Stiish now has more than 620,000 salt of about 90 million dollars, making it the largest treasure trove in Solana among public trade entities.

In an interview this week on “Fomo Hour” of DecipherThe sister company Radio, the leadership for relations with the investors, Dan Kang explained that it approaches the increasingly popular Crypto -Bagger model – settled Strategy (earlier microstrategy) – different from some others in space.

“We used to say that we are some kind of micro -steady of the next gene,” Kang said. “But I really consider myself the first true bridge on the chain-tradfi.”

His efforts to connect the world of traditional finance and ecosystems on the chain were different from the one in other criplets of treasury vehicles, which often rely on financing and capital markets to accumulate and strengthen the basic assets such as Bitcoin.

Instead, Definite Development Corp. It is proactively incorporated into the ecosystem of the salt pans, mostly through its set by Validator Solan, who is acquired in May for $ 3.5 million.

“Many Bitcoin Treasury vehicles that exist today are capital of capital dependent on increasing their fundamental Bitcoin Holdings,” Kang said. “Opposite us, not to say that we will not use the book of capital markets … but thanks to our own infrastructure of the validator, we do not really need to use capital markets to continue the growth of the basic salt on the section.”

The company’s ability to enter a strong ecosystem on the chain and earn a yield through property with the evidence of the roles is another reason he chose Solan, renouncing the limitations of some bitcoin treasurer vehicles. In addition, there was no reason to compete with the strategy, said Kang, who compared the company and his monstrous box office of Bitcoin in the amount of $ 62 billion with NFL midfielder.

“If I surrender football to you, do you want to play by running against the NFL midfielder or would you rather run the ball down the ground with anyone on the road?” said Kang. “Michael Saylor and Microstrategy – they are the NFL midfielder in the Bitcoin vehicle space. Hats to those who want to take over them, but we intend to become a big Behemoth in a treasure trove in Solana.”

The company appears on the way, collecting its treasure trove of $ 90 million in just two months since she announced plans to turn toward the Solana Strategy, as the real estate platform was renamed by Janovar. At that time, on top of the acquisition of a validator, he also launched his fluid tokenPartner with A significant coin of salt Bonk and established a 5 billion dollar credit line For future salt acquisitions.

“If Microstrategy showed what is possible in the Crypto Treasury,” Kang added, “Definite Corp Development is there to show them what’s next.”

Edited Andrew Hayward