Development Corp. (DFDV), the company listed at the Nasdaq pursuing a Solana
The cash strategy plans to obtain a drier powder to increase its stack of soil.
According to a press release on Thursday, the company obtained a line of credit of $ 5 billion with RK Capital Management. The agreement allows Devi Dev to sell shares at its discretion, as long as it fulfills conditions such as filing a resale registration with the Securities and Exchange American Commission. The company said it was planning to file the necessary documents soon.
“We now have flexibility and the structure that we must evolve,” said Joseph Onorati, managing director. “This is a clean and strategic path to continue to increase the soil by action and compose the yield of the validator.”
DFDV shares rebounded after defeats and increased by 12% during the Thursday session.
The company, formerly known as the Janover real estate technology platform, is part of a growing trend in listed companies collecting funds by selling stocks and debt to add cryptocurrencies to their balance sheet, following the Strategy game game with Bitcoin
.
The company focuses on Solana, accumulating the native token of the network and operating validators. It held more than 609.00 ground tokens on May 16, worth $ 96 million at current prices.
The last decision comes shortly after the company has withdrawn a previous deposit for a billion dollars’ share, with plans to cool off again.
