DeFi Development to Raise $100 Million Again to Increase SOL Holdings and Buy Back Company Stock

BlockBeats News, July 2nd, Nasdaq-listed company DeFi Development Corp. (Nasdaq code: DFDV) will raise $100 million through convertible notes to increase its SOL holdings and buy back company stock.

BlockBeats previously reported that on June 13th, according to official sources, DeFi Development Corp. had reached a $5 billion equity line of credit agreement with RK Capital Management. This agreement allows DeFi Dev to autonomously decide to sell shares subject to meeting certain conditions (such as submitting a resale registration statement to the U.S. Securities and Exchange Commission). The company stated that it would soon submit the required documents. This will provide DFDV with the flexibility to raise funds at the most strategic moment, support ongoing SOL accumulation, and accelerate its Sol per Share (SPS) growth.