DeFi Development increases SOL holdings and establishes $300 million preferred stock ATM program
DeFi Development Corp. (Nasdaq: DFDV) has increased its SOL holdings by 55,491 tokens since August 27, bringing its total to approximately 2.3889 million SOL and equivalents. The company also announced a $300 million at-the-market (ATM) program for its Series C perpetual preferred stock (Nasdaq: CHAD), with R.F. Lafferty & Co. acting as the sales agent. Proceeds from the program are intended for further SOL acquisitions, though the company noted that the establishment of the program does not mandate immediate financing or share sales.
Summaries are written by AI from the original article. Not investment advice.