DeFi Development Corp. said it plans to issue up to $20 million in Series C perpetual preferred stock. The company is listed on Nasdaq under the ticker DFDV. According to the brief announcement cited by Odaily, net proceeds from the offering are set to be used for working capital, additional purchases of SOL, and investments in other digital assets. The disclosure did not include more detailed terms of the proposed issuance in the provided text, but it made clear that part of the capital raised is intended for crypto asset accumulation, including SOL. The company was identified in the report as a U.S.-listed firm.
DeFi Development Corp. (Nasdaq: DFDV) plans to issue up to $20 million in Series C perpetual preferred stock, according to Odaily.
The company was described as a U.S.-listed firm. Net proceeds from the offering will be used for working capital, additional purchases of SOL, and investments in other digital assets.
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