‘Solana’s MicroStrategy’ Announces $100 Million Stock

📌 ‘Solana’s MicroStrategy’ Announces $100 Million Stock Offering for SOL Purchases – 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

DeFi Development, dubbed ‘Solana’s MicroStrategy,’ has unveiled a $100 million private convertible note offering to fund #Solana (SOL) purchases, echoing MicroStrategys renowned #Bitcoin acquisition strategy. Solana

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DeFi Development, dubbed ‘Solana’s MicroStrategy,’ has unveiled a $100 million private convertible note offering to fund #Solana (SOL) purchases, echoing MicroStrategy’s renowned #Bitcoin acquisition strategy. However, this ambitious move hit a snag as the company’s stock price dipped over 9% following the announcement. This comes amid #Solana’s own volatile performance, raising questions about the timing and viability of the plan. As investors weigh the risks and potential rewards, the crypto community watches closely to see if this strategy will propel SOL’s prominence or falter under market pressures. #CryptoStrategy