It raises $ 1B to buy Solana (SOL) by forming the Defi Development Corp file SEC and S-3.
- Defi Development Corp issues debt securities along with a similar approach to the SOL strategy to purchase more SOL coins.
- SOL Price has been implied in the potential parabolic rally enhanced by institutional tail winds for the next few months.
Defi Development Corp. (NASDAQ: Defi) submitted a S-3 registration statement to the US Securities and Exchange Commission (SEC) on April 25 and provided up to $ 1 billion in securities. According to the SEC submission, the Defi Development Corp plans to register up to 1,244,471 shares for the potential resale of existing shareholders.
“We can sell these combinations of securities as a condition that can be decided before the decision before one or more offering, price and proposal time, and the total product price of up to $ 1,000,000,000 is $ 1,000,000,000.”
The company mentioned that the proceeds of the intended offering will be used for general company purposes, including the acquisition of Solana (SOL).
Defi Development CORP’s market influence
Depending on the Donald Trump administration, the strategic movement of Defi Development Corp will have a broader impact on a wider password. In addition, the verification of the encryption market of institutional investors has helped to increase liquidity and to continue to adopt mainstream of digital assets and Web3 technology.
Solana networks benefit most of the transactions of Defi Development Corp. As reported by Coinpedia, Sol Strategies plans to raise up to $ 500 million to buy more Solana coins in the short term.
As a result, SOL Price will continue to be strong in the next few months. In addition, the Solana network has increased the cash inflow led by Stablecoins, such as Circle’s USDC over the past few months.