According to TechFlame, according to The Block, Solana reserve strategy company DeFi Development Corp (DDC) (previously known as Janover) disclosed details of its $1125 million private equity financing operation to buy SOL tokens, including a financial arrangement that provides investors with a way to hedge risk. The company will use approximately $75.6 million to fund “prepaid forward” share purchases, with the remaining funds being used for “general corporate purposes, including the acquisition of SOL.” According to Wednesday's announcement, the company has received a total principal amount of $1125 million in convertible notes — worth approximately $132.2 million if the initial purchaser exercises all of the options — which is expected to be completed on July 7. The note has an annual interest rate of 5.5%, is paid every six months, and will expire in 2030. The note will also be based on the closing price of $21.01 on July 1, 2025, with a 10% conversion premium.