DeFi Development Corp. Announces $5 Billion Equity Line of Credit
Summary
DeFi Development Corp. announced a $5 billion equity line of credit with RK Capital Management. The company plans to use the facility to continue buying and compounding Solana holdings over time. It also said it will file a registration statement on Form S-1 to enable access to the financing. The company describes itself as a public treasury-focused business with validator infrastructure and exposure to the Solana ecosystem. The release also reiterates its software and SaaS business description, but the main news is the capital raise.
Funding
Amount
$1.0B
Total raised
Date
June 11, 2025
Announcement date
Investors
-
Lead investors
Company
https://defidevcorp.com
Funded company
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applications
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