DeFi Development to Issue $100M Convertible Bond DeFi Development, previously known as Xenover, is planning a significant move in the cryptocurrency space. According to reports, the company intends to issue $100 million in convertible bonds. Solana (SOL) Purchase Targeted The primary objective of this bond issuance is to acquire Solana (SOL) and other strategic assets. This indicates a strong belief in the potential of the Solana ecosystem and a desire to increase its presence within the DeFi landscape. The specific allocation of funds between SOL and other assets is yet to be disclosed. This investment could lead to further development and innovation within the Solana network, potentially benefiting users and developers alike. Strategic Implications This substantial investment by DeFi Development could signal growing institutional interest in Solana and its underlying technology. The convertible bond structure provides flexibility, allowing investors to potentially convert their debt into equity, further aligning their interests with the company's long-term success. ```