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Decentralized Finance Development announces a $100 million fundraising plan: increase holdings in SOL and buy back stocks.
According to Gate News bot and BlockBeats, on July 2, Nasdaq-listed DeFi Development Corp. (code: DFDV) plans to raise $100 million through convertible notes to increase its holdings of SOL and buy back company shares.
On June 13, DeFi Development Corp. signed a $5 billion equity credit facility agreement with RK Capital Management. The agreement allows DeFi Dev to independently decide to sell shares after meeting relevant conditions, including submitting resale registration documents to the U.S. Securities and Exchange Commission. The company stated that it would submit the required documents as soon as possible to gain flexibility in raising funds at strategic times, supporting the continued accumulation of SOL and accelerating the growth of "per share SOL" (SPS).