DeFi Development Corp Raises $1 Billion to Acquire Solana (SOL)

DeFi Development Corp., a Florida-based blockchain and DeFi company, filed Form S-3 registration with the SEC on April 25th, intending to raise up to $1 billion in securities. This move will enable them to acquire significant amounts of Solana (SOL). Their strategy mirrors SOL Strategies’ approach of using debt securities for increased investment in SOL tokens. The announcement comes amidst a bullish outlook for the SOL price, with analysts anticipating a potential parabolic rally within the coming months. This optimism is fueled by growing institutional interest in crypto and digital assets.