$SOL Treasury Company #DeFi Development Refiling $1 Billion BTC$BTC Acquisition Plan


DeFi Development Corp will refile its $1 billion securities offering to purchase more SOL$SOL after SEC filing complications.


The Nasdaq-listed firm withdrew its S-3 registration statement due to missing required management reports on internal controls.


DeFi Development currently holds over 609,000 SOL$SOL tokens worth approximately $97 million at current prices.


The company made its 11th SOL$SOL purchase on May 15, acquiring 16,447 tokens at an average price of $139.66.


Former Kraken executives took control of the company after purchasing over 728,000 shares in April.


Joseph Onorati, former chief strategy officer at Kraken, now serves as chairman and CEO.


The firm has adopted liquid #staking tokens and diverted part of its holdings to dfdvSOL.


DeFi Development represents a growing trend of public companies adding #crypto to their balance sheets beyond BTC$BTC.

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June 12, 2025 at 2:15 PM
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