According to Wu, DeFi Development Corp. (NASDAQ: DFDV) announced it will raise $125 million through a stock issuance, priced at $12.50 per share, with an expected closing date of August 28, 2025. This financing includes the issuance of approximately 4.2 million shares of common stock and about 5.7 million pre-funded warrants, with the proceeds intended to expand its Solana treasury.