DeFi Development to Raise Another $100 Million to Increase SOL Holdings and Repurchase Company Shares

According to ChainCatcher, Nasdaq-listed company DeFi Development Corp. (Nasdaq: DFDV) announced that it will raise $100 million through convertible notes to increase its holdings of SOL and repurchase company shares.

ChainCatcher also reported that on June 13, DeFi Development Corp. reached a $5 billion equity credit line agreement with RK Capital Management. This agreement allows DeFi Dev to independently decide to sell shares, provided certain conditions are met, such as submitting resale registration documents to the U.S. Securities and Exchange Commission. The company stated that it will submit the required documents soon. This will provide DFDV with the flexibility to raise funds at the most strategically advantageous times, supporting continued accumulation of SOL and accelerating its "SOL Per Share" (SPS) growth.