DeFi Development Corp. Announces Strategic Collaboration with ZeroStack in Treasury Accelerator Deal

Core Insights - DeFi Development Corp. has announced a strategic collaboration with ZeroStack to enhance its treasury strategy focused on accumulating Solana (SOL) [1][2] - The partnership includes a private placement transaction with Flora Growth Corp., which is expected to rebrand as ZeroStack, involving an in-kind contribution of SOL for a convertible note [2][3] - The collaboration aims to build a bridge to the Solana ecosystem to support decentralized AI applications [3] Company Strategy - DeFi Development Corp. has adopted a treasury policy that primarily allocates its reserves to SOL, providing investors with direct exposure to the asset while participating in the Solana ecosystem's growth [5] - The company operates its own validator infrastructure to generate staking rewards and is actively exploring decentralized finance (DeFi) opportunities [5] Financial Details - The convertible note issued by ZeroStack to DeFi Development Corp. is denominated in SOL and offers an 8.0% annual interest rate, payable quarterly in SOL [3] - The collaboration with ZeroStack allows DeFi Development Corp. to receive an equity stake in the company, further aligning interests [2] Future Initiatives - DeFi Development Corp. will host an event titled "DFDV Dealmaking: An Update on Treasury Accelerator Initiatives" to discuss recent deals and strategic arrangements aimed at fueling SOL Per Share (SPS) growth [4]