According to Deep Tide TechFlow, DeFi Development Corp. (NASDAQ: DFDV) announced on July 1, 2025, plans to privately place a total of $100 million in convertible preferred bonds maturing in 2030 to qualified institutional investors, with the possibility of an additional $25 million issuance.
The company plans to use a portion of the raised funds to buy back common stock, while the remaining funds will be used for general corporate purposes, including the purchase of Solana cryptocurrency (SOL).