According to Gate News bot, The Block reported that DeFi Development Corp (DFDV) has completed a $112.5 million private sale financing deal. As the treasury management company of the Solana ecosystem, DFDV plans to use these funds to purchase SOL tokens and for other business developments.
The financing details show that $75.6 million will be allocated to the “prepaid forward” stock trading arrangement, providing investors with a convertible bond risk hedging solution. The convertible bonds issued this time will mature in 2030, with an annual interest rate set at 5.5%, and a 10% conversion premium clause.
DFDV is currently operated by former Kraken executives, holding over 620,000 SOL tokens, and its business scope has expanded to include node validation and staking services.
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