DeFi Development Corp. raises $24M via PIPE to accelerate Solana accumulation

DeFi Development Corp.

Gross proceeds of ~$24M from sale of ~310k common shares and ~215k pre-funded warrants at $46.00 per share.
Investors include Galaxy Digital, Amber International, Arrington Capital, Republic Digital, Borderless Capital, RK Capital, and Great Point Capital.
Net proceeds to be used for general corporate purposes including continued accumulation of Solana (SOL).
Company holds ~317,273 SOL valued at ~$46.2M as of announcement; long-term holding and staking strategy.
Pre-funded warrants exercisable 21 days after mailing of info statement; registration rights agreement filed for resale.

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