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Crypto

DeFi Development Raises 1.7 Billion Yen Through Preferred Stock Issuance, Primarily for Solana Acquisition

2026/09/10 04:24(Updated 2026/09/10 09:34)

CoinPost

Written by A.Yamada

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DeFi Development Raises 1.7 Billion Yen Through Preferred Stock Issuance, Primarily for Solana Acquisition

Completion of Perpetual Preferred Stock (CHAD) Issuance

DeFi Development Corp, a Nasdaq-listed company accumulating the cryptocurrency Solana (SOL), announced on the 8th that it has completed the issuance of variable-rate Series C perpetual preferred stock (CHAD).

The total amount raised before deducting underwriting discounts, fees, and offering expenses was approximately $11 million (about 1.7 billion yen). The majority of the raised funds will be allocated to acquiring Solana...

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