DeFi Development Corp. Announces $5 Billion Equity Line of Credit Agreement with RK Capital
BOCA RATON, FL – June 12, 2025 – DeFi Development Corp. (Nasdaq: DFDV), the first publicly traded U.S. company with a treasury strategy focused on accumulating and compounding Solana (SOL), today announced it has entered into a share purchase agreement—commonly referred to as an Equity Line of Credit (ELOC)—with RK Capital Management LLC.
Under the agreement, DeFi Dev Corp. has the right, but not the obligation, to issue and sell up to $5 billion in common stock to RK Capital, subject to customary conditions, including an effective resale registration statement. The company plans to file a registration statement on Form S-1 to enable access to the facility.
Proceeds from the ELOC are expected to support ongoing SOL accumulation and drive growth in SOL per share. Unlike traditional equity raises, an ELOC offers the flexibility to access capital incrementally, mitigating the risk of market volatility by avoiding fixed pricing events.
The company also filed a Form S-1 on June 11, 2025, to register securities issued in prior unregistered offerings.
“We now have the flexibility and structure we need to scale,” said CEO Joseph Onorati. “This is a clean, strategic path to continue growing SOL per share and compounding validator yield.”
About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) is a publicly traded company with a treasury policy centered around Solana (SOL). By accumulating and staking SOL and operating its own validator infrastructure, the company provides shareholders with direct exposure to SOL’s performance and generates rewards and fees through delegated stake.
In addition to its blockchain strategy, the company operates an AI-powered online platform for the commercial real estate sector, offering data and software subscriptions as SaaS. Serving over one million users annually, the platform supports a wide array of stakeholders including property developers, service providers, and lenders, encompassing more than 10% of U.S. banks and a range of institutional financing sources.
Forward-Looking Statements
This release contains forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates, and projections and involve risks and uncertainties that could cause actual results to differ materially. Factors that could impact outcomes include fluctuations in SOL prices, volatility in the company’s stock, regulatory changes, interest rate variability, accounting treatments, capital access, and other risks detailed in the company’s filings with the SEC.
DeFi Development Corp. undertakes no obligation to update these forward-looking statements unless required by law.
Legal Disclaimer
This communication is not an offer to sell or a solicitation to buy any securities, nor shall any such securities be sold in any jurisdiction where such offer or sale would be unlawful prior to registration or qualification under applicable securities laws.
The securities to be issued under the ELOC have not been registered under the Securities Act of 1933 or applicable state laws and cannot be offered or sold in the U.S. without proper registration or a valid exemption.