[DeFi Development Corp. Plans to Issue Up to $20 Million in Perpetual Preferred Stock, Part of Proceeds to Increase SOL Holdings] According to GlobeNewsWire, U.S.-listed company DeFi Development Corp. (Nasdaq: DFDV) announced plans for an initial public offering (IPO) to issue up to $20 million in Series C perpetual preferred stock. Net proceeds will be used for working capital, increasing SOL holdings, and investing in other digital assets.