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DeFi Development plans a private sale issuance of 100 million USD convertible notes, including for increasing holdings of SOL.
Golden Finance reported that the U.S. publicly listed company DeFi Development Corp. (NASDAQ: DFDV) announced plans for a private sale issuance of a total of $100 million in convertible preferred notes due in 2030. The raised funds will be partially used to repurchase the company's common stock through forward contracts, and the remaining funds are intended for general corporate purposes, including increasing holdings in Solana (SOL).