Publicly Traded Solana Treasury Company Wants to Stack Another $5 Billion in SOL

Publicly traded Definitely Corp. He concluded a Credit Capital Credit Line in the amount of $ 5 billion with RK Capital, announced the company Thursday.

Based on the agreement, the AI ​​platform for real estate turned Saltworks Treasury company will be right – but not an obligation – to issue and sell up to $ 5 billion for Common Stock for RK Capital, DFDV partner and pipe investor.

“Credit line (ELOC) gives us flexibility. Instead of locking the disposable prices in unstable markets, we can gradually collect capital and only when alignment with our goal: increasing SOL on share,” said Definite Corp. Joseph on Decipher. “We deliberately avoided long -term or short -term debt to isolate long -term shareholders from forced sales or liquidity.”

The company will use any revenue from issuing and selling shares for the purchase of Solana. Asked when this could happen, he said to Decipher The company does not offer certain guidelines.

“What we can say is that our goal is not to raise it for that-it is only to raise it when it is merged in the long run [SOL per share]”He said, adding that the company would only raise when it is in the best interest.

“We will only be raised when it is obviously convenient for salt on the share. This usually means when we trade on a significant premium on our net value of assets (MNA) and there is a clear, accumulated opportunity to expand it,” he added. “Our northern star grows salt/shares – if the raise does not support it, we will not do it.”

Of By establishing its own Solana Treasury Strategy At the beginning of April, the company has already collected salt worth almost $ 100 million, holding more than 620,000 tokens at the moment.

In addition to accumulating the sixth largest crypto property, DFDV was further instilled in the ecosystem of Solane.

Starting with his Change of names from Janovera to Definal Development Corpa signal of his commitment to the crypto endeavor, the company also acquired Walidator of Solan For $ 3.5 million to effectively encourage its role in salt. In addition, he joined with the leadership Solana Meme Coin Community Bonk and created his own fluid token From that time, providing those roles with his validator for liquidity maintenance as he earns yield.

DFDV shares have increased by 21% and 115% in the week today. In the meantime, Solana has dropped by 3.4% in the last 24 hours, but in the week it increases from 5% to $ 157.66.

Wednesday company withdrawn the registration statement On the S-3 Form with SEC, withdraw the application related to the planned collection of funds for one billion dollars to buy fuel salt. Decipher He inquired that the move would affect his plans for the acquisition of Solana, but did not immediately get an answer.

Edited Andrew Hayward