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DeFi Developer Upsizes Convertible Note Offering to $112M—Bullish on SOL Buybacks & Treasury Expansion

DeFi Developer Upsizes Convertible Note Offering to $112M—Bullish on SOL Buybacks & Treasury Expansion

Author:
CoindeskEN
Published:
2025-07-02 15:12:49
17
2

Defi Dev Hikes Convertible Note Offering to $112M for Buyback, More SOL Purchase

DeFi's latest power play just got bigger. A crypto development team just turbocharged its convertible note offering to $112 million—doubling down on SOL acquisitions and aggressive buybacks.

Why this matters: The move signals institutional-grade confidence in Solana's ecosystem at a time when rivals are cutting costs. Smart money's betting on DeFi's next act.

The cynical take: Because nothing says 'bull market' like levering up to buy your own token. At least they're not spending it on a Super Bowl ad.

|Square

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