DeFi Development Corp. Plans $20 Million Perpetual Preferred Stock Offering to Accumulate SOL

DeFi Development Corp. (Nasdaq: DFDV), a publicly traded company in the U.S., has announced plans for an initial public offering (IPO) of up to $20 million in Series C perpetual preferred stock. The company intends to use the net proceeds for working capital, the acquisition of additional SOL, and investments in other digital assets.