The development of Solana Whale DEFI drops a massive stock buyout of $ 100 million – more soil purchase?

DEFI DEVELOPMENT CORP, the first company listed on the stock market structured around a cash strategy based in Solana, has expanded its equity buyout program to $ 100 million, marking one of the largest share buy -back initiatives in the digital asset sector.

The company announced Wednesday that its board of directors had approved an increase in the authorization of its first million dollars, allowing management to buy ordinary stocks on the free market under rule 10B-18 of the EXCHANGE ACT SECURITIES of 1934.

The authorization offers flexibility to buy up to $ 100 million, with an initial threshold of $ 10 million demanding the management to notify the board of directors before making other purchases.

The redeemed actions will either be withdrawn and returned to the authorized but not issued status, or held as an act of the Treasury.

Development Development balances the redemptions and the accumulation of Solana in the double strategy in fatty

According to the file, the calendar, the method and the amount of redemptions will be determined by management according to market conditions and regulatory requirements.

The company stressed that the program does not force it to buy a specific number of shares and can be modified, suspended or interrupted at any time.

This decision comes in the middle of a year of ambitious developments for Defi Development Corp, which sought to position itself as the equivalent of Solana’s Bitcoin strategy.

In recent months, the company has regularly accumulated Solana for its treasure. On September 17, he revealed the purchase of 62,745 soil, bringing his total assets to 2,095,748 soil, worth around 499 million dollars at the time.

This position translates into 0.0816 soil per share, around $ 19.44 in value per share, based on its declared measures. The tokens are marked out on several validators, including the own members of the company, to generate a return.

The acquisition of shares also follows regulatory setbacks earlier this year.

In June, the company withdrew a billion dollars registration file from the American securities commission and the exchange after the regulator deemed ineligible to use the rationalized S-3 form, citing a missing management report on internal controls in its last form 10-K.

The company said that no securities had been sold as part of the deposit withdrawn and that it intended to refresh itself once the compliance problems are resolved.

Despite the withdrawal, the company has advanced capital collection initiatives.

In July, Defi Development announced its intention to increase $ 100 million thanks to a private convertible higher ticket offer due in 2030, with an option for an additional $ 25 million.

The product was partly reserved for share buybacks through a prepaid transfer agreement and an accumulation of Solana.

More recently, the company has developed internationally. On September 22, he signed a letter of intent to establish Development Corp. Korea, a Treasure of Solana Digital Asset (DAT), in partnership with Fragmetric.

A week earlier, he revealed deployment plans between $ 5 million and $ 75 million per vehicle in Global Dats via his Treasury accelerator program, reinvested yields in soil to extend his cash securities.

Development Corp. has raised $ 42 million since April to finance its Solana -based strategy.

With its authorization to buy stock extended to $ 100 million, the company has strengthened its double approach to the value of construction shareholders while positioning itself as an institutional holder of Solana.

Filetell, Brera, Drive Drive Solana Treasury Holdings at 13.4 m

Solana’s institutional adoption continues to accelerate. Cash companies now collectively hold 13.44 million soil ($ 2.86 billion), according to Coingecko data.

Today, the Australian Fitness Fittell Corporation company said that it had obtained a 100 million dollars credit line to launch a treasury strategy focused on Solana, marking a pivot that includes the brand change as Solana Australia Corporation.

The company will become the first institution listed in the country’s NASDAQ to hold Solana, with plans to generate yields through participation, participation in the challenge and structured products designed with downward protection.

Brera Holdings recently closed a $ 300 million overwhelmed pipe led by water investors and ARK Invest to buy Solana for its reserves.

Meanwhile, Forward Industries, the largest holder of the Solana Treasury, has accumulated more than 6.8 million soil and plans to tokenize his stock on the chain via the platform of the opening bell of superstate.

The initiative will allow Ford shares to negotiate 24/7 with instant settlement and global liquidity, while serving as a warranty in loan protocols based in Solana.

Forward recently filed a equity program of $ 4 billion for the scale of its strategy.

Other companies, including Helius Medical Technologies, Bit Mining and Upexi Inc., also build Solana treasury bills, strengthening the network position as an increasing center for institutional capital.

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