$SOL Treasury Firm Secures $5 Billion Credit Line
DeFi Development Corp has established a $5 billion capital credit line with RK Capital.
The publicly traded company will use the funds exclusively to purchase more SOL$SOL.
DFDV's shares rose 21% daily and 115% weekly after the announcement.
The firm already owns over 620,000 tokens of $SOL valued at nearly $100 million.
The company acquired a Solana validator business for $3.5 million in April.
DFDV partnered with the #BONK community and created its own liquid staking token.
The CEO emphasizes that he will only raise capital when the value of SOL per share increases.
The strategy avoids high-leverage debt to protect long-term shareholders from forced sales.
