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Solana Treasury Company DFDV Launches $200M ATM Offering to Increase SOL Holdings

GateNews
solana newsCapital FlowStocks
SOL0.69%

According to globenewswire, on May 4, Solana treasury company DeFi Development Corp. (Nasdaq: DFDV) announced the launch of a $200 million at-the-market (ATM) equity offering. The company plans to use proceeds to purchase SOL, supplement working capital, and support strategic initiatives.

The company will only issue shares when doing so would be accretive to shareholders on a fully-diluted SOL per-share basis. CEO Joseph Onorati stated: “We have one job: to increase SOL holdings for shareholders. This plan gives us a $200 million capital reserve to do that on our own terms.”

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