Odaily Planet Daily reports that DeFi Development Corp has announced the completion of a $11 million preferred share offering of CHAD, with Tom Lee of Fundstrat participating in the subscription. The company stated that this offering is the first digital credit instrument backed by Solana. Its CEO, Joseph Onorati, said that Bitcoin has demonstrated significant market demand for digital credit.
DeFi Development Corp Completes $11M CHAD Preferred Stock Offering
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Summary
DeFi Development Corp has completed an $11 million preferred stock offering for CHAD, with Tom Lee of Fundstrat among the investors. The company stated that this issuance is the first digital credit instrument on Solana. CEO Joseph Onorati noted that Bitcoin market trends indicate strong demand for digital credit. This development occurs amid growing interest in digital asset news and increasing institutional participation in crypto markets.
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