DeFi Development Announces $100M Convertible Note Offering for $SOL DeFi Development revealed a bold move to raise $100 million through a convertible note offering aimed at purchasing significant amounts of $SOL. This strategic move is expected to enhance investor interest in $SOL and potentially boost other Solana-based altcoins. DeFi Dev Plans Stock Buybacks with $100M […] Сообщение «DeFi планирует купить $SOL на $100M, что поднимет курс альткоинов на Solana» появились сначала на КриптоВики.
DeFi Development revealed a bold move to raise $100 million through a convertible note offering aimed at purchasing significant amounts of $SOL. This strategic move is expected to enhance investor interest in $SOL and potentially boost other Solana-based altcoins.
A portion of the $100 million raised will be used for stock buybacks through a prepaid forward transaction, serving as a risk-management strategy to counter potential dilution from the offering. In contrast to Strategy’s playbook of selling equity to acquire crypto, DeFi Development is opting for $SOL as the preferred asset.
Despite DeFi Development’s plans to accumulate more $SOL, the market exhibited skepticism, leading to a 9% drop in the company’s stock price in after-hours trading. This reaction reflects investor concerns about recent market volatility, with $SOL’s trading volume decreasing by over 40% in the past 24 hours.
If successful, DeFi Development’s $100 million approach could provide much-needed institutional support for $SOL, potentially benefitting the overall Solana network and related coins like $SNORT, $GRASS, and $BIO. This move aims to drive liquidity, visibility, and developer activity within the Solana ecosystem.
Snorter Token ($SNORT) powers Snorter Bot, an advanced Telegram-based trading assistant set to launch on Solana in Q3 2025. Offering high speed and low fees, the bot is designed to outperform competitors and provide MEV-protection and rug-pull detection. It aims to expand to EVM-compatible chains, offering significant potential gains for investors.
Grass ($GRASS) has seen a 17% surge, known for its open, internet-scale web crawl leveraging a user network to collect public web data. By challenging centralized web crawling entities, Grass aims to create a user-owned knowledge graph of the internet. Users can earn $GRASS by contributing bandwidth and engaging in community activities.
BIO Token ($BIO) supports the decentralized science movement, offering access to decentralized science projects across multiple networks. The native token, $BIO, is up by approximately 10% following DeFi Development’s $SOL acquisition. Through BioDAO, users can fund scientific innovations and contribute to a self-sustaining cycle for biotech research.
DeFi Development’s $100 million investment in $SOL could mark a significant shift in institutional interest towards the Solana ecosystem. While the initial market response was mixed, this move has the potential to generate increased attention and activity in the Solana network and its associated coins.
Сообщение «DeFi планирует купить $SOL на $100M, что поднимет курс альткоинов на Solana» появились сначала на КриптоВики.
JOIN
