Key Highlights:

• DeFi Development has arranged a $5 billion equity line of credit with RK Capital Management to enhance its SOL holdings.
• The company is following the trend of publicly traded firms incorporating cryptocurrencies by utilizing funds generated from share sales and debt.
• DFDV shares climbed 12% during the recent U.S. trading.

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DeFi Development (DFDV), a publicly traded company on Nasdaq that focuses on Solana treasury strategy, aims to acquire additional capital to increase its SOL assets further.

According to a recent press release, the firm has secured a substantial $5 billion equity line of credit from RK Capital Management. This agreement permits DeFi Development to sell shares based on conditions, including filing for resale with the U.S. Securities and Exchange Commission (SEC). The firm has indicated that it plans to prepare the necessary documentation soon.

“We now have the flexibility and structure we need to scale,” said Joseph Onorati, CEO of DeFi Development. “This is a clean, strategic path to continue growing SOL per share and compounding validator yield.”

During the recent trading session, DFDV shares, after early setbacks, showed a 12% increase.

The company, which was previously known as a real estate technology platform named Janover, is part of a rising trend among publicly listed corporations that are securing funds through share and debt sales to boost cryptocurrencies on their balance sheets. They are following similar strategies previously adopted for Bitcoin.

As of May 16, the firm holds over 609,000 SOL tokens, valued at approximately $96 million at current market prices.

This recent move follows the company’s withdrawal of a prior filing related to a $1 billion share sale, with plans to refile.

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