DeFi Development announced a new $100 million private convertible note offering, aiming to execute MicroStrategy’s acquisition plan with Solana. However, this ambitious plan may face a setback, as its stock price fell over 9% after announcing the sale. Solana’s own performance has been wobbly, and this effort may reflect the crypto market’s own appetites. Can DeFi Development Buy Enough Solana? Since MicroStrategy kicked off the trend, companies around the globe have been building Bitcoin stockpiles
source: https://beincrypto.com/defi-development-solana-purchase-stock-offering/