PANews reported on May 4th that, according to Globenewswire, Nasdaq-listed Solana treasury company DeFi Development announced a $200 million ATM funding round. The company stated that the funds raised will primarily be used to continue implementing its Solana reserve strategy, and that shares will only be issued if they have a synergistic effect on the value of each SOL held by shareholders, ensuring that the funding is "enhancing".