DeFi Development Launches $200M Equity Program to Boost Solana Holdings

DeFi Development Corp, a Nasdaq-listed digital asset treasury company focused on Solana (SOL), has entered into a sales agreement with broker R.F. Lafferty to sell up to $200 million of common stock through an at-the-market offering.

The shares will be issued under an effective shelf registration, with the agent earning up to 0.75% of gross proceeds as commission. The net proceeds from the ATM program will primarily support DeFi Development's Solana reserve strategy and other strategic initiatives.

DeFi Development has emphasized that it intends to sell stock only when doing so has a positive impact on SOL per share, stressing that the ATM is designed to be accretive by raising capital above the look-through value of existing SOL holdings.