DeFi Development Corp launches $200m equity programme to buy Solana
Updated
Updated · GlobeNewswire · May 4
DeFi Development Corp launches $200m equity programme to buy Solana
5 articles · Updated · GlobeNewswire · May 4
The Nasdaq-listed company said from Boca Raton, Florida, that proceeds will also support working capital and strategic initiatives.
Chief executive Joseph Onorati said shares would be sold only when management considers issuance accretive on a fully converted SOL-per-share basis.
DeFi Development says it is the first US public company built around a Solana treasury strategy, alongside staking, validator operations and DeFi activity.
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