The publicly listed company DeFi Development raised $125 million to increase its holdings in SOL

ChainCatcher news, the U.S. stock SOL treasury company DeFi Development Corp (DFDV) announced today that it has signed a definitive agreement to raise $125 million in equity financing at a price of $12.5 per share.

The transaction is expected to close on Thursday, August 28, 2025, subject to customary closing conditions.

According to the terms of the subscription agreement, the company will sell a total of approximately 4.2 million shares of common stock (at a purchase price of $12.5 per share), as well as warrants to purchase a total of approximately 5.7 million shares of common stock (at a purchase price of $12.4999 per share, with an exercise price of $0.0001 per share).

The consideration for this issuance will be in the form of cash combined with locked-up SOL, further strengthening DFDV's strategy to maximize the growth of each share of Solana holdings (SPS).

The net proceeds will be used to increase the holdings of spot SOL and discounted locked-up SOL, thereby expanding the treasury asset size.