DeFi Development Corp Secures $24M War Chest to Double Down on Solana Bet
Solana bulls just got fresh ammunition—DeFi Development Corp’s $24M funding round signals growing institutional confidence in the ’Ethereum killer.’
Follow the money: While traditional VCs chase AI hype, crypto-native players are quietly stacking SOL positions. The market’s voting with its wallet—even if Wall Street still doesn’t get it.
Reality check: Remember when they said Solana was down for the count after FTX? Nothing motivates builders like watching shorts get liquidated on a 300% rally.
Metaplanet Launches U.S. Arm in Florida to Expand Bitcoin Strategy
Backers of the funding round include a mix of major players in the digital asset space, such as Galaxy Digital, Republic Digital, Borderless Capital, Arrington Capital, and others. Under the agreement,
DeFi Development Corp. is offering roughly 310,000 shares at $46 each, along with pre-funded warrants covering an additional 215,000 shares. At the time of the announcement, its Nasdaq-listed stock (JNVR) was trading at $76.36.
