DeFi Development Corp launches $200 million stock plan to acquire Solana

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CryptoWorld News reports that DeFi Development Corp announced the launch of a $200 million market stock plan, promising to issue shares only when increasing the value of each SOL share to support its Solana reserve strategy. The company has entered into a sales agreement with broker R.F. Lafferty, allowing it to sell, from time to time, up to $200 million worth of common stock. According to the 8-K and the prospectus, the shares will be issued under an effective shelf registration, and the agent will receive up to 0.75% of the gross proceeds as a commission. The company said that the net proceeds will be mainly used to continue carrying out its Solana reserve strategy, as well as for working capital and other strategic initiatives. Management emphasized that it will only sell shares if doing so has a positive impact on “per share SOL,” highlighting that the plan is intended to create value through capital appreciation above the perceived value of its existing SOL holdings. DeFi Development has used equity capital to increase its SOL reserves and completed an equity issuance of $125 million in August 2025.

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