DeFi Development raised $112.5 million for SOL reserves

According to Foresight News, Solana treasury company DeFi Development announced a total of $112.5 million in fundraising through the issuance of convertible notes (valued at approximately $132.2 million if the initial buyer exercises all options), and the transaction is expected to be completed on July 7, with funds to be used to purchase its first batch of SOL tokens.
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