🎉 Congratulations to the following users for winning in the #Gate CBO Kevin Lee# - 6/26 event!
KaRaDeNiZ, Sakura_3434, Anza01, asiftahsin, GateUser-d0654db3, milaluxury, Ryakpanda, 静.和, milaluxury, 币大亨1
💰 Each winner will receive $5 Points!
🎁 Rewards will be distributed within 14 working days. Please make sure to complete identity verification to be eligible.
📌 Event details: https://www.gate.com/post/status/11782130
🙏 Thank you all for your enthusiastic participation — more exciting events are on the way!
DeFi Development Corp. expands the issuance of convertible notes to $112 million for Solana investment.
According to a report by Decrypt on July 3, Deep Tide TechFlow announced that DeFi Development Corp.(DFDV) has expanded its convertible note issuance from $100 million to $112 million, and has granted initial purchasers an additional subscription option of $25 million within 7 days. The company plans to allocate approximately $75 million for prepaying forward stock purchase transactions, with the remaining funds used for general corporate purposes and increasing holdings in Solana Token.
DFDV Chief Operating Officer Parker White stated: "Convertible bonds allow us to raise funds from investors with a lower risk appetite, who are willing to exchange some upside potential for downside protection." The company began implementing its Solana reserve strategy in early April and has accumulated approximately 621,000 Solana (worth about $95 million) and acquired a Solana validator company.