Solana (Sol) Finance Ministry News: DFDV looks to be added



NASDAQ listed company Defi Development Corp. (DFDV) pursues Solana

Financial policy is planning to acquire more dry powder to enhance its SOL stack.

According to Thursday Press releasethe company has obtained a $5 billion equity line of credit through RK Capital Management. The agreement allows Defi Dev to sell shares as appropriate, as long as it meets the conditions for filing a resale registration with the SEC. The company said it plans to submit necessary paperwork as soon as possible.

“We now have the flexibility and structure we need to expand on,” said CEO Joseph Onorati. “This is a clean, strategic path to continue to increase earnings per share of Saul and compound validator.”

DFDV stock rebounded from early losses and grew 12% at its meeting on Thursday.

The company formerly known as Janover, the company is part of a trend for publicly traded companies to raise funds by selling stocks and debts to add cryptocurrencies to their balance sheets, following the playback of the strategy with Bitcoin

.

The company focuses on Solana, amassing the network’s local tokens and operational validators. it hold As of May 16, over 609,000 SOL tokens are currently priced at $96 million.

The latest move was shortly after the company withdraw A $1 billion stock sale was submitted and plans to reuse it again.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *