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DeFi Development Unveils $200M ATM Program to Advance Solana Reserve Plan

DeFi Development, a Nasdaq-listed company positioning itself as a Solana treasury vehicle, said it has launched a $200 million at-the-market (ATM) equity financing program, according to a Globenewswire release cited by Huo Xing Cai Jing. The company said it expects to use the proceeds primarily to continue executing its Solana reserve strategy. It added that shares will be issued only when issuance is expected to increase per-share SOL value for existing shareholders, aiming to keep the financing "accretive".
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