According to TechFlow news on August 25, as reported by Globe Newswire, the publicly listed company DeFi Development Corp. (Nasdaq: DFDV) announced it is conducting a $125 million equity financing agreement, with an issue price of $12.50 per share. The company will issue approximately 4.2 million shares of common stock and about 5.7 million pre-funded warrants, with the transaction expected to be completed on August 28.

The company will receive cash and locked SOL as consideration, and the proceeds will be used to purchase spot SOL and discounted locked SOL to expand its SOL reserve.