DeFi Development Corp Raises $112.5 Million To Bolster Solana Treasury

DeFi Development Corp (DFDV), a Nasdaq-listed firm, has announced the issuance of $112.5 million in convertible notes to expand its Solana-focused cryptocurrency treasury strategy. This capital raising effort comes as part of the company’s ongoing initiative to increase its holdings in Solana’s native token, $SOL, while also exploring additional strategic opportunities in the digital asset space.