DeFi Development Corp discloses $112.5 million private placement to fund SOL purchases

PANews
2025/07/02 22:26
솔라나
SOL$182,61+3,15%
펀드
FUND$0,02802--%
DeFi
DEFI$0,002198-1,91%

PANews reported on July 2 that according to The Block, Solana Ecosystem listed company DeFi Development Corp (stock code DFDV) disclosed details of a $112.5 million private placement, which will be mainly used to increase holdings of SOL tokens. The transaction includes a "prepaid forward" stock purchase agreement, which allows investors to hedge risks by establishing short positions.

According to the announcement, the convertible notes issued by the company have an annual interest rate of 5.5%, mature in 2023, and a conversion premium of 10%. Of this, $75.6 million will be used for the aforementioned hedging transactions, and the remaining funds will be used for corporate operations and SOL acquisitions. The company's holdings at the end of May showed that it held 621,313 SOLs (approximately $107 million), and it also obtained a $5 billion credit line in June.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

In the past 24 hours, the total network contract liquidation was 207 million US dollars, mainly long orders

In the past 24 hours, the total network contract liquidation was 207 million US dollars, mainly long orders

PANews reported on July 20 that Coinglass data showed that in the past 24 hours, the cryptocurrency market had a total contract liquidation of $207 million, of which $158 million
Share
PANews2025/07/20 23:30
Ohio Public Employees Retirement System increased its stake in Strategy by 21,499 shares in the second quarter of this year

Ohio Public Employees Retirement System increased its stake in Strategy by 21,499 shares in the second quarter of this year

PANews reported on July 20 that according to Barron's, the Ohio Public Employees Retirement System, one of the largest public pension funds in the United States, disclosed in a document
MetaDOS
SECOND$0,000017-5,02%
Share
PANews2025/07/20 21:46
British media says stablecoins are fraught with risks and may provide an opportunity for money laundering

British media says stablecoins are fraught with risks and may provide an opportunity for money laundering

PANews reported on July 20 that according to the Financial Times, US President Trump signed the Stablecoin Regulatory Act on the 18th. This is the first stablecoin legislation in the
The AI Prophecy
ACT$0,04795+7,34%
MAY
MAY$0,05769+0,76%
OFFICIAL TRUMP
TRUMP$10,758+6,68%
Share
PANews2025/07/20 22:30

Trending News

More

In the past 24 hours, the total network contract liquidation was 207 million US dollars, mainly long orders

Ohio Public Employees Retirement System increased its stake in Strategy by 21,499 shares in the second quarter of this year

British media says stablecoins are fraught with risks and may provide an opportunity for money laundering

Ethereum rose to its highest level since December last year, and more than 75,000 cryptocurrency positions were liquidated in the past 24 hours

Embedding human rights into crypto isn’t optional, it’s foundational