Latest news with #DeFiDevelopment
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
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
Yahoo
13-05-2025
- Business
- Yahoo
DeFi Development Soars 20% as Solana Holdings Top $100M With Latest Purchase
DeFi Development (DFDV), the Nasdaq-listed real estate tech firm formerly known as Janover, bought more of Solana's SOL SOL, taking its total crypto holdings above $100 million, the company announced on Monday. The firm said it acquired 172,670 SOL at an average price of $136.81. The $23.6 million purchase is the largest since its crypto pivot last month. The Florida-based company now holds 595,988 SOL, worth nearly $105 million at current prices. The company said the tokens will be held long-term and staked with a range of validators, including its own, to earn staking yield. DeFi Development's updated per-share exposure now stands at 0.293 SOL or about $50.42 per share. The company's shares surged 20% to $90 in the early minutes of the Monday session, adding to the 30% gain on Friday as crypto prices rallied over the past few days. SOL advanced over 20% over the past week, touching $180 for the first time since February. The move reflects a growing trend of public companies buying cryptocurrencies for their balance sheets, mimicking the playbook of Michael Saylor's Strategy (MSTR). While many companies are following Saylor's lead and focusing on bitcoin BTC, the largest cryptocurrency, others are looking at alternatives. Last month, Janover was taken over by a group of former executives of crypto exchange Kraken and pivoted to focus on the Solana blockchain, accumulating the network's native token and operating validators to earn a staking yield. The firm recently laid out plans to raise $1 billion for acquiring SOL. This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
