DeFi Development announces $5B equity line of credit

DeFi Development (DFDV) has entered into a share purchase agreement with RK Capital Management. Under the ELOC, the Company will have the right, but not the obligation, to issue and sell up to $5B in shares of its common stock to RK Capital, subject to customary conditions, including an effective registration statement for resale. The Company plans to file a registration statement on Form S-1 as soon as practicable to enable access to this facility. The proceeds from the ELOC are expected to support continued accumulation of SOL and accelerate growth in SOL per share. Unlike other equity offerings, an ELOC enables DeFi Development Corp. to raise capital gradually, when it’s strategically advantageous, rather than locking in one-time pricing during volatile markets.