Solana Treasury Boosted by DeFi Development's $11M Funding Round

DeFi Development Corp., listed on NASDAQ as DFDV, has completed an $11 million deal to acquire more SOL (Solana) through a preferred stock sale. The company issued Series C perpetual preferred stock for approximately $11 million dollars.

This funding round will enable DeFi Development to bolster its Solana treasury holdings, contributing to the growing momentum of Solana-based strategies in the cryptocurrency space.

Notably, this deal follows other significant developments in the Solana ecosystem, such as the recent announcement by Capital B, which raised $29.4 million to acquire 376 BTC and expand its bitcoin holdings.