DeFi Development Corp. raises $125M via equity offering for Solana treasury growth

DeFi Development Corp.

Raised $125M: 4.2M shares at $12.50/share and 5.7M pre-funded warrants at $12.4999.
Close Aug 28, 2025; proceeds ~$92.5M cash + ~$32.5M locked Solana (SOL).
Funds to expand Solana treasury; management says transaction is NAV/share and SPS accretive.
Cantor Fitzgerald sole placement agent; total capital raised YTD exceeds $370M.
Controlling stockholders approved warrant shares via written consent; info statement to follow.

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