Latest news with #DFDV
Yahoo
a day ago
- Business
- Yahoo
DeFi Adding $5B of Solana Buying Power With New Line of Credit
DeFi Development (DFDV), the Nasdaq-listed firm pursuing a solana SOL treasury strategy, is planning to get some more dry powder to boost its SOL stack. According to a Thursday press release, the company has secured a $5 billion equity line of credit with RK Capital Management. The agreement allows DeFi Dev to sell shares at its discretion, so long as it meets conditions like filing a resale registration with the U.S. Securities and Exchange Commission. The company said it plans to file the necessary paperwork soon. "We now have the flexibility and structure we need to scale," said Joseph Onorati, Chief Executive Officer. "This is a clean, strategic path to continue growing SOL per share and compounding validator yield." DFDV shares rebounded from early losses and were up 12% during the Thursday session. The company, formerly known as real estate tech platform Janover, is part of a growing trend of publicly-traded firms raising funds by selling shares and debt to add cryptocurrencies on their balance sheet, following Strategy's playbook with bitcoin BTC. The firm focuses on Solana, accumulating the network's native token and operating validators. It held over 609,000 SOL tokens as of May 16, worth $96 million at current prices. The latest move comes shortly after the firm withdrew a previous filing for a $1 billion share sale, with plans to refile again. Sign in to access your portfolio
Business Insider
2 days ago
- Business
- Business Insider
DeFi Development files to sell 12.38M shares of common stock for holders
17:35 EDT DeFi Development (DFDV) files to sell 12.38M shares of common stock for holders Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
29-05-2025
- Business
- Yahoo
Inside the company copying strategy's Bitcoin playbook — with Solana
Inside the company copying strategy's Bitcoin playbook — with Solana originally appeared on TheStreet. When Michael Saylor famously transformed MicroStrategy into a leveraged bet on Bitcoin, few could have predicted just how successful the experiment would become. Now, a new firm is aiming to do something similar —with Solana. Meet DeFi Dev Corp, or DFDV, a publicly traded company that has seen shares surge more than 3,000% since launching an attempt to run back Saylor's playbook on Solana. As DeFi Dev Corp's COO Parker White explains to Coinage, that playbook isn't exactly a mystery. 'We want to bring TradFi capital into DeFi and DeFi returns into Tradfi,' White said. The experiment started just a few months ago. In 83 days, White and his team transformed a publicly traded company into what is effectively a Solana holding vehicle — mirroring Saylor's MicroStrategy, but in a faster, more volatile market. And they've managed to do it with institutional backing from Pantera Capital, one of the most respected names in the crypto investing game. As of the end of May, DFDV now holds more than 609,000 SOL (more than $103 million.) 'I come from traditional equities. I'm a fundamental value investor,' said Pantera Managing Partner Cosmo Jiang. 'As investors, it's so important that you constantly reexamine your assumptions, especially in light of contrary data.' For Jiang, that meant moving beyond skepticism of MicroStrategy's ability to consistently trade above its NAV valuation and instead embracing what made it work: irrational markets, volatility, and a management team that knows how to play the game. 'You have to believe that markets are irrational sometimes,' Jiang said. 'You have to believe that there's always going to be volatility in the market. And then, three, you have to believe that there is a management team that knows how to take advantage of those circumstances.' And just as Strategy tethered its boat to Bitcoin's price moves, DFDV shares now swing with wherever Solana price heads next. But as White explains, there are differences to the execution strategy since Solana offers different ways to monetize than Bitcoin. The hope is to use Solana's tech stack to generate yield, optimize holdings, and expand its treasury far more dynamically than anything Bitcoin could offer. 'We took [MicroStrategy's] playbook and then we added a giant — I'd call it like a two-thirds additional stack,' White said. "On the Solana side, it's a very productive asset, it's the economic security for the internet capital markets." From staking and yield generation to serving as a bridge between TradFi and DeFi, DFDV wants to be more than just a publicly traded SOL proxy. 'You can just buy the stock in your prime brokerage account and get a little position … but then once you have some skin in the game … you start to go down the rabbit hole,' White said, hinting that exposure to crypto via equities may be the new entry point for newbies that Bitcoin itself used to serve. For Pantera, which rose to fame after an incredible 1,000x return on its Bitcoin bet years ago, Solana has quietly become its next largest investment in the fund. And now with DeFi Dev Corp emulating buys that have an outsized impact given Solana's relatively smaller market cap at $90 billion to Bitcoin's $2 trillion, things could rapidly accelerate in a lead up to an eventual Solana ETF approval. 'You look at MicroStrategy's $100 billion market cap — call it 5% of Bitcoin. If you translate that over to Solana … that's $5 billion," Jiang said, justifying Pantera's initial $50 million bet to get DFDV cranking with its Solana buys. "It sounds like a pretty big [total addressable market] to me.' Inside the company copying strategy's Bitcoin playbook — with Solana first appeared on TheStreet on May 29, 2025 This story was originally reported by TheStreet on May 29, 2025, where it first appeared.
Yahoo
29-05-2025
- Business
- Yahoo
Jim Cramer Recommends Bitcoin Over DeFi Development Corp. (DFDV)
We recently published a list of . In this article, we are going to take a look at where DeFi Development Corp. (NASDAQ:DFDV) stands against other stocks that Jim Cramer discusses. During the lightning round, a caller asked about DeFi Development Corp. (NASDAQ:DFDV), and Cramer stated: 'Another Ben Stoto name. This time it's a crypto. Now here's where I am on crypto, okay? I am an owner of Bitcoin. I am not going to deviate. I like Bitcoin. Even up here, I would be a buyer of Bitcoin….' DeFi Development (NASDAQ:DFDV) runs a digital platform offering data and software tools for the commercial real estate sector, including services for loan matchmaking, investor access, equity market solutions, and AI-driven technology. Overall, DFDV ranks 21st on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of DFDV as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DFDV and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Jim Cramer Recommends Bitcoin Over DeFi Development Corp. (DFDV)
We recently published a list of . In this article, we are going to take a look at where DeFi Development Corp. (NASDAQ:DFDV) stands against other stocks that Jim Cramer discusses. During the lightning round, a caller asked about DeFi Development Corp. (NASDAQ:DFDV), and Cramer stated: 'Another Ben Stoto name. This time it's a crypto. Now here's where I am on crypto, okay? I am an owner of Bitcoin. I am not going to deviate. I like Bitcoin. Even up here, I would be a buyer of Bitcoin….' DeFi Development (NASDAQ:DFDV) runs a digital platform offering data and software tools for the commercial real estate sector, including services for loan matchmaking, investor access, equity market solutions, and AI-driven technology. Overall, DFDV ranks 21st on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of DFDV as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DFDV and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
