DDC to receive $24 million in private equity investment to buy more SOL version of micro strategy

According to BlockBeats, on May 1st, The Block reported that DeFi Development Corp (formerly known as Janover), the "SOL version micro strategy", announced on Thursday that it expects to receive a total of $24 million in private equity investment (PIPE), which will help the company provide funding for general corporate purposes, including purchasing more Solana. The participants of this PIPE include Galaxy Digital 、Amber International Holding Limited、Arrington Capital、Republic Digital、Borderless Capital、RK Capital And Great Point Capital. The announcement shows that as part of the transaction, DeFi Development Corp will sell approximately 310000 shares of common stock, as well as pre financing warrants that can subscribe for approximately 215000 shares of common stock, at an exercise price of approximately $46 per share. The company's stock is listed as JNVR on the NASDAQ exchange, with a stock price of $76.36 at the time of writing. After completing the brand redesign in mid April, this PIPE financing will further promote the company's expansion of Solana Treasury strategy, including pledging its holdings for interest. As of May 1st, the company holds 317273 SOLs worth approximately $46.2 million, including staking rewards.