DeFi Development Corp and Tron Inc. Make Moves in Their Treasuries

DeFi Development Corp. and Tron Inc. made financial moves this week to strengthen their treasuries. DeFi Development Corp. announced the closing of a public offering of 1,375,000 Series C perpetual preferred shares at a price of $8 per share, generating an estimated gross raise of $11 million. The company will allocate most of the funds to the purchase of Solana (SOL). As of August 27, it held 2.33 million SOL, making it the second-largest treasury of this cryptocurrency. On the other hand, Tron Inc. reported the purchase of 148,820 TRX at an average price of $0.3360 per unit, representing an approximate outlay of $50,000. With this acquisition, its treasury surpassed 713 million TRX. This purchase adds to previous acquisitions, including 151,270 TRX at $0.3305 on September 4.

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