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.