TechFlow, May 2 — According to The Block, Nasdaq-listed DeFi Development Corp. (formerly Janover) announced a $24 million private equity financing on May 2. The funds will be used to increase its holdings in Solana (SOL) and support daily operations.
Investors in this round include Galaxy Digital, Amber International Holding Limited, Arrington Capital, Republic Digital, Borderless Capital, RK Capital, and Great Point Capital. The company sold 310,000 shares of common stock and 215,000 pre-funded warrants at $46 per share.
As of May 1, the company held 317,273 SOL (worth approximately $46.2 million) and generates yield through staking in partnership with Kraken.
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