$SOL Treasury Firm Secures $5 Billion Credit Line
DeFi Development Corp has established a $5 billion equity line of credit with RK Capital.
The publicly traded company will use proceeds exclusively to purchase more
$SOL.
DFDV shares surged 21% daily and 115% weekly following the announcement.
The firm already holds over 620,000
$SOL tokens worth nearly $100 million.
The company acquired a Solana validator business for $3.5 million in April.
DFDV partnered with the #BONK community and created its own liquid staking token.
The CEO emphasizes raising capital only when it increases SOL per share value.
The strategy avoids high-leverage debt to protect long-term shareholders from forced selling.
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