DeFi Development Corp. announced it has increased its convertible notes offering to $112 million, up from an initial $100 million, to fund its ongoing Solana treasury strategy. The company plans to utilize approximately $75 million of the proceeds for a prepaid forward stock purchase allowing note investors to hedge their investments without immediately affecting the market supply. COO Parker White emphasized that this strategy also helps manage potential stock dilution when the notes convert. The firm has already amassed around 621,313 Solana coins, valued at about $95 million near the time of the offer. DFDV shares fell 3% after the announcement but remain up significantly year-to-date. The increase in convertible notes signals DeFi Development Corp.'s aggressive approach to building its Solana holdings, supported by an earlier raised $5 billion equity line of credit. This capital strategy aims to attract diverse investors while optimizing the company's funding capacity for acquiring Solana assets.

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