DeFi Dev Corp Secures $24 Million to Expand Solana Holdings, Stock Soars

DeFi Development Corp. just closed a substantial $24 million private investment in public equity (PIPE) deal to increase its Solana holdings. This funding round attracted prominent players like Galaxy Digital, Arrington Capital, Republic Digital, Borderless Capital, and Amber International Holding Limited. 310,000 shares and 215,000 pre-funded warrants were issued at $46.00 per share with net proceeds earmarked for general corporate expenses and growing the firm’s Solana reserves.