Defi development corp. announces $24 million private placement to accelerate solana accumulation strategy

Boca raton, may 01, 2025 (globe newswire) -- defi development corp. (nasdaq: jnvr) (“defi dev corp” or the “company”) today announces that it has entered into a securities purchase agreement for a private investment in public equity (“pipe”) financing that is expected to result in gross proceeds of approximately $24 million to the company, before placement agent fees and offering expenses. investors include galaxy digital, amber international holding limited (nasdaq: ambr), arrington capital, republic digital, borderless capital, rk capital, and great point capital.
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