04:49 PM EDT, 07/01/2025 (MT Newswires) -- DeFi Development ( DFDV ) said late Tuesday it plans a $100 million private offering of convertible senior notes due 2030 to institutional buyers.

The company will grant initial purchasers a 13-day overallotment option to buy up to an additional $25 million of the notes, according to a statement.

DeFi will use the net proceeds to repurchase its common shares and for general corporate purposes, the company said.

Shares fell 9% during after-hours trading.