Solana Treasury DeFi Development Corp seeks $20M raise to accumulate additional SOL for its treasury.

VC & Fundraising · 2026-09-01

DeFi Development Corp, a Nasdaq-listed company, is raising approximately $20 million through a preferred stock offering to fund additional SOL purchases for its treasury. The company recently acquired 19,000 SOL, expanding its holdings to 2.33 million SOL and equivalents, according to CEO Joseph Onorati, who stated most proceeds from the offering will be directed toward SOL acquisition.

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