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- #Gate Ranks Top 4 Exchange#
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- 🎉 CandyDrop 5.0: 5 BTC Mega Airdrop is here!
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- Gate Alpha 2nd Points Carnival Round 4 Hot Launch! Trade to Share $30,000 MORE & Alpha Points
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- 📢 $MORE is launching on Gate Alpha!
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DeFi Development announces the sale of shares worth 100 million dollars to buy SOL
DeFi Development has announced a private issuance of convertible bonds worth 100 million USD to execute MicroStrategy's acquisition plan for Solana. However, their stock price has fallen more than 9% after the announcement, indicating uncertainty in the crypto market.
DeFi Development is expected to raise an additional 25 million USD if the issuance goes smoothly, with bonds maturing in 2030. A portion of the proceeds will be used for the acquisition of stocks to manage portfolio risk.
The company, formerly known as Janover, has rebranded to commit to SOL. Although Solana has faced recent price challenges, DeFi Development can have a significant impact on the crypto market. This issuance will provide important information about the market's appetite for cryptocurrency acquisition strategies.