DeFi Development Corp., a company listed on Nasdaq under the ticker DFDV, has launched a preferred stock offering that could raise $19.8 million. Most of the proceeds are expected to fund SOL purchases, according to CEO Joseph Onorati. The company recently bought approximately 19,000 SOL at an average price of $98.14, bringing its holdings to about 2.33 million SOL, worth about $236 million. DeFi Development Corp. has adopted a treasury strategy centered on accumulating and staking SOL.
Source: Read the original article
