DeFi Development Corp. has priced an upsized $112.5 million private offering of convertible notes to bolster its corporate treasury, including further acquisition of solana ( SOL). Company Funds SOL Strategy With Convertible Notes Worth $112.5 Million The Nasdaq-listed company (DFDV) announced the 5.5% convertible senior notes due 2030, marketed to qualified institutional buyers under Rule […]DeFi Development Corp. has priced an upsized $112.5 million private offering of convertible notes to bolster its corporate treasury, including further acquisition of solana ( SOL). Company Funds SOL Strategy With Convertible Notes Worth $112.5 Million The Nasdaq-listed company (DFDV) announced the 5.5% convertible senior notes due 2030, marketed to qualified institutional buyers under Rule […]

DeFi Development Corp. Funds SOL Strategy With Convertible Notes

DeFi Development Corp. has priced an upsized $112.5 million private offering of convertible notes to bolster its corporate treasury, including further acquisition of solana ( SOL).

Company Funds SOL Strategy With Convertible Notes Worth $112.5 Million

The Nasdaq-listed company (DFDV) announced the 5.5% convertible senior notes due 2030, marketed to qualified institutional buyers under Rule 144A. The offering size increased from its initial target.

Net proceeds are estimated at $108.1 million, potentially rising to $132.2 million if purchasers fully exercise a $25 million option. Approximately $75.6 million will fund a prepaid forward stock purchase transaction connected to the offering. The remaining funds are earmarked for general corporate purposes, explicitly including buying more SOL.

According to the release, the notes carry an initial conversion price of $23.11 per share, a 10% premium to DFDV’s July 1 closing price of $21.01. They mature July 1, 2030, with specific redemption options starting July 5, 2026.

The $75.6 million prepaid forward transaction with an initial purchaser is intended to facilitate hedging by note investors. The company did caution, however, that this activity could impact its DFDV stock price and the notes’ effective conversion price.

DeFi Development Corp. maintains a treasury strategy centered on accumulating and compounding solana ( SOL). Its SOL holdings were recently valued at $263 million. The offering is expected to close July 8, pending standard conditions.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Coinbase Data Breach Fallout: Former Employee Arrest in India Over Customer Data Case Raises Bitcoin Security Concerns

Coinbase Data Breach Fallout: Former Employee Arrest in India Over Customer Data Case Raises Bitcoin Security Concerns

The post Coinbase Data Breach Fallout: Former Employee Arrest in India Over Customer Data Case Raises Bitcoin Security Concerns appeared on BitcoinEthereumNews.
Share
BitcoinEthereumNews2025/12/27 10:36
Burmese war amputees get free 3D-printed prostheses, thanks to Thailand-based group

Burmese war amputees get free 3D-printed prostheses, thanks to Thailand-based group

PROSTHETIC FEET. Silicon foot covers fitted with metal rods found in the prosthetic production unit in Mae Tao Clinic. A good prosthetic foot must absorb impact
Share
Rappler2025/12/27 10:00
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37