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DeFi Development Corp. Announces $125 Million Equity Raise to Accelerate Solana Treasury Growth
GlobeNewswire News Roomยท2025-08-25 12:30

Core Viewpoint - DeFi Development Corp. has announced a $125 million equity offering to enhance its treasury strategy focused on accumulating Solana (SOL) [1][4] Group 1: Equity Offering Details - The company is selling approximately 4.2 million shares at $12.50 per share and pre-funded warrants for about 5.7 million shares at $12.4999 per share, with an exercise price of $0.0001 per share [2] - The offering will consist of a mix of cash and locked SOL, aimed at maximizing Solana per Share (SPS) growth [2] - The transaction is expected to be NAV/share accretive and enhance SPS due to the discount capture on SOL [2] Group 2: Strategic Goals and Financial Position - The CEO stated that the goal is to acquire as much SOL as possible quickly while compounding value per share for investors [4] - This transaction follows previous financings in 2025, bringing the total capital raised year-to-date to over $370 million, positioning the company as a leading Solana treasury vehicle in public markets [4] Group 3: Company Overview - DeFi Development Corp. has a treasury policy that allocates its principal holding to SOL, providing investors with direct economic exposure to SOL and participating in the growth of the Solana ecosystem [6] - The company operates its own validator infrastructure, generating staking rewards and fees, and is engaged in decentralized finance (DeFi) opportunities [6]