DeFi Development Plans $100M Stock Offering for Massive Solana Accumulation

DeFi Development, newly dubbed the “Solana’s MicroStrategy,” has announced a bold $100 million private convertible note sale to scoop up massive amounts of Solana (SOL) for its treasury. The move echoes MicroStrategy’s famed Bitcoin accumulation playbook but swaps BTC for Solana. The announcement triggered immediate market reactions. DeFi Development’s stock plunged more than 9% in […]