DeFi Development Corporation is set to issue a convertible bond maturing in 2030 to raise $100 million. The capital will be primarily allocated to increasing the company's stake in Solana (SOL) and repurchasing its own shares. This strategic move aims to bolster DeFi Development's position in the Solana ecosystem while enhancing shareholder value.
DeFi Development to Raise $100M via Convertible Bonds for Solana Investment
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