DeFi Development Corp. (DFDV) announced it is expanding its convertible note offering from $100 million to $112 million and giving initial purchasers the option to subscribe for an additional $25 million within seven days. The company plans to spend about $75 million on prepaid forward stock purchases, with the remainder going to general corporate use and the Solana token.
DFDV chief operating officer Parker White said: "Convertible bonds allow us to raise capital from investors with lower risk appetite who are willing to trade some of the upside for downside protection." The company has been executing its Solana reserve strategy since the beginning of April and has amassed about 621,000 Solanas (worth about $95 million) and acquired a Solana validator company.
DeFi Development Corp. Expands Convertible Note Issuance to $112 million for Solana Investment
2025-07-03 00:16:47
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