Is the Solana Reserve Institution going to issue bonds to buy the dip? $100 million directly to buy SOL!
The Solana reserve management institution, DeFi Development Corporation (DDC), is preparing to issue a $100 million convertible bond, maturing in 2030.
This money is not for AI, nor for land expansion, but to increase its holdings of $SOL and buy back its own company shares.
The message is very clear:
They believe $SOL is still cheap now and want to stock up while the price is low. Moreover, it will also help boost the company's valuation, leaving a path for future financing.
Here are some understanding data:
$100 million in bonds, locked for 5 years, bonds + buybacks, a typical institutional combo.
DDC is one of the central figures in Solana's reserve regulation, serving as a stabilizing role in the ecosystem.
In other words:
This is the Solana ecosystem mimicking Ethereum's financial stabilization devices.
ETH has Grayscale, Lido, Coinbase.
SOL is starting to establish DDC, Jito, Jump, and institutions issuing bonds...
This kind of configuration somewhat resembles the shadow of a Web3 central bank.
Others issue bonds to stabilize performance, but DDC issues bonds to buy the dip on SOL.