“Defi Development Corp. Plans to Use Proceeds to Bolster Its Solana-Focused Treasury Strategy and Fund Corporate Initiats.”, – WRITE: www.coindesk.com
The FIRM, FORMERLY A commercial Real Estate Lending Tech Platform, ReveAled in A US Securities and Exchange Commission (Sec) Filing that It Plans on Using the Funds for “General Corporate Purposi Purposi. Solana. ” The Offering Will Include Common and Preferred Stock, Debt Instruments, Warrants, and Units.
Defi Development Has Already Acquired Approximately $ 48.2 Million of Sol and Plans to Operate Validators on the Solana Blockchain to Earn Staking Rewards.
Taking A Playbook Out of Michael Saylor’s Bitcoin Buying Strategy, Corporations Have Been IncreASigning Buying Sol for Their Balance Sheets to Provide Tradfi Investors With.
SOL Strategies, The Publicly Traded Company HelMed by Ceo Leah Wald-Forormer Co-Funder of Digital Asset Manager Valkyrie Investments-Spearheaded The Movement. Recently, The FIRM ANNUNCED THAT IT HAD Secured an Up to $ 500 Million Convertible Note Facility to Ramp Up Its Investments in the Solana Network.
Defi Development’s New Offering ComESS After A Significant Leadership Shakeup Earlier this Month. Former Kraken Executive Joseph Onerati Took Over As Ceo and Chairman, and Parker White, Another Ex-Kraken Engineer, Was Named Chief Operating Office and Chief Investment Officer. The Company Also Brough on John Han, A Former Binance and Kraken Executive, AS CFO. Defi Development Adapted A Treasury Strategy Center AROUND SOLANA As Part of of Its New Direction.
In addition to the $ 1 Billion Shelf Registration, Defi Development Also Filed to Register 1.24 Million Shares on Behalf of Early Investors, Including Pantera Capital, Payward (Pientluda.
Shares of Defi Development Corp Surged More More 970% Following the Leadership Shakeup and Moved Up Roughly 4% in After-Hours Trading on Friday to Now Standand at $ 54 Per Share.
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