Latest news with #DeFiDevelopment
Yahoo
21-07-2025
- Business
- Yahoo
EXCLUSIVE: DeFi Development Buys $19 Million In Solana
DeFi Development (NASDAQ:DFDV) announced on Monday that it has 999,999 Solana (CRYPTO: SOL/USD) and SOL equivalents on its balance sheet. The company purchased 141,383 SOL between July 14 and July 20, at an average purchase price of $133.53, representing approximately $19 million. The purchased SOL includes both spot purchases and discounted locked SOL. The company's SOL position includes rewards from staking and on-chain of July 20, 2025, DeFi Development held 999,999 SOL and SOL equivalents, an increase of 142,250 from its previous balance of 857,749. It held SOL and SOL equivalents worth $181 million. The company earned close to 867 SOL via staking, validator revenue, and other on-chain activity between July 14 and July 20 DeFi Development held 19,445,837 shares outstanding as of July 18, 2025. SOL per Share ("SPS") of 0.0514, representing an approximate 13% increase week-over-week. SPS was worth $9.30. The newly acquired SOL will be held long-term and staked to various validators, including DeFi Development's own Solana validators, to generate native yield. Month-to-date, DeFi Development raised approximately $19.2 million in net proceeds through its Equity Line of Credit facility, issuing 740,000 shares of common stock. Roughly $5 million of the proceeds remains available primarily for future SOL purchases. To date, DeFi Development has drawn 0.4% of the total available capacity under its credit facility. Approximately $4.98 billion remains available under the facility. Last week, DeFi Development outlined a medium-term objective of reaching 1.0 SPS by December 2028 and near-term guidance of 0.1650 SPS by June 2026, representing approximately 261% growth from Monday's level of 0.0457. Price Action: DFDV stock traded higher by 11.2% to $27.14 premarket at the last check Monday. Photo by Lee Wa Da via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article EXCLUSIVE: DeFi Development Buys $19 Million In Solana originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
CNBC
17-07-2025
- Business
- CNBC
Crypto accumulator DeFi Development to expand globally by franchising its Solana treasury model
DeFi Development, a company vying to be the MicroStrategy of Solana, is expanding internationally through a franchise model. The company plans to partner with others looking to operate their own Solana treasuries with DeFi's support. In return, DeFi Development will retain an equity stake in each regional vehicle. The initiative will be branded DFDV Treasury Accelerator. "Most crypto treasury vehicles today are following the MicroStrategy model. What excites us about DFDV is that they're not just copying the playbook. They're evolving it," said Cosmo Jiang, general partner at investor Pantera Capital. "By combining validator infrastructure, capital markets innovation, and now international expansion via a global franchising model, DFDV is building something structurally different and ahead of the curve." Pantera was also an anchor investor in Bitmine Immersion Technologies, an ether treasury firm backed by Peter Thiel and chaired by Fundstrat's Tom Lee. Kraken, Arrington, RK Capital and Borderless Capital may also support the franchise initiative through a potential investment and treasury and fundraising guidance, as well as infrastructure – which could include validator and custody solutions. The move comes amid an explosion in companies pursuing crypto treasury strategies or merging with public entities to be able to emulate MicroStrategy's success investing in bitcoin. The publicly listed betting platform SharpLink Gaming in May initiated an ether treasury strategy and appointed Ethereum co-founder Joseph Lubin as chairman of its board. Bit Digital recently exited bitcoin mining to focus on its ETH treasury and staking plans. Solana is a five-year-old public blockchain platform that promises to provide fast transaction speeds as well as low fees for developers and users. Solana's value is up 7% over the past year, with a nearly 10% gain within the past month, according to Coin Metrics. In addition to accumulating Solana tokens, the company will acquire validators (the computers that help run the Solana network by verifying transactions) that can be used to "stake" the tokens. Through staking, users earn rewards for locking up SOL tokens on the network. DeFi Development this week introduced its first SOL per share guidance, saying it plans to reach 1 SOL per share by 2028. With 857,749 SOL held currently and 18.8 million shares outstanding, its SOL per share stands at 0.0457, it said.
Yahoo
11-07-2025
- Business
- Yahoo
This Company Is Giga-Bullish About Solana. But Should You Buy the Stock or the Coin?
Buying crypto treasury company shares means getting leveraged exposure to the coin. You'll pay for that privilege. One treasurer in particular might be offering a bit more than the bare minimum here. 10 stocks we like better than Solana › When gold prospectors ran out of shovels, savvy merchants filled the gap and sold them tools at a markup. Fast-forward to today, and a company called DeFi Development (NASDAQ: DFDV) wants to sell investors a different kind of pick, specifically equity in a corporate balance sheet stuffed with Solana (CRYPTO: SOL). For those who remember Strategy turning its convertible debt into a Bitcoin stash, DeFi Development's pitch will feel familiar. The plan is to raise cash via issuing debt and equity, buy Solana with the proceeds, and then repeat the process. But this business is actually pursuing a broader mandate than the typical one-coin treasury project, which could create new revenue streams or perhaps just add risk. That raises the question of whether it would make sense to buy the treasurer, or whether it's wiser to just buy the underlying coin. Here's what's really going on and how to decide which side of this trade belongs in your portfolio. First, the numbers. After a fresh purchase of 47,272 Solana on July 7, DeFi Development holds 690,420 Solana worth roughly $109 million. Management stakes most of those coins across its own validator set, harvesting native yield that theoretically compounds the company's book value over time. Second, let's look at the war chest. On July 2, the company boosted a convertible note sale to $112.5 million, earmarking $75 million for an opportunistic share buyback and the rest for buying more Solana. This cheap debt juices returns for holders of the company's shares if Solana rallies. If it slides, shareholders eat the decline plus the note's 5.5% coupon. An interesting and perhaps decisive component of DeFi's strategy is the ecosystem play. In mid-May, it linked with BONK, a major meme coin and meme coin-launchpad project, to co-run a Solana validator, marking the first public company and meme coin-node partnership. BONK will supposedly supply grassroots enthusiasm from investors for Solana itself, whereas the treasurer supplies capital and public market credibility. The duo splits rewards and publicity alike, theoretically expanding staking income and thus demand for Solana. It's this ecosystem collaboration that might make the business more than just another crypto treasurer without any economic moat. Teaming up with meme projects isn't any guarantee that the stock will do well whatsoever, but it could possibly be the start of a competitive advantage, especially if the business can attract new investors while simultaneously driving the capital appreciation of its main asset in the way that it aspires to. As of July 10, DeFi Development stock trades near $25. Given it holds about $5.90 of Solana per share, buyers are paying a large premium for this stock. In comparison, one SOL costs about $158 in the spot market, and investors get exposure to close to 100% of the value of their investment even after accounting for fees. The exposure gap here reflects hope that management will compound value dramatically faster than the coin itself. There is not yet any evidence that this management team in particular is capable of that even though a similar treasury approach has helped Strategy to perform much better than Bitcoin during the past few years. The premium also bakes in leverage risk; the convertible notes convert at $23.11, so a big Solana price decline could dilute equity just when morale is lowest. Furthermore, leverage isn't free. Interest eats into staking yield, and callable debt can pressure liquidity during bear markets. Shareholders also face dilution from at-the-market equity lines that management has already registered, which is how this business funded earlier Solana buys. None of those headaches apply to holding Solana directly, which would also give investors the option to capture the staking yield themselves. That doesn't mean the stock is doomed. If Solana rockets another 200% and staking rewards stay fat, DeFi Development's per-share crypto backing could outpace share issuance, shrinking the premium and driving an increase in its share price. A successful validator business or tokenized share listing on the Kraken crypto exchange, which is planned for later this year, might unlock new revenue too. But those catalysts are speculative, not confirmed. Therefore, logic favors buying Solana today and watching DeFi Development from a safe distance, if not ignoring it for now. You capture the same core thesis, which is to say Solana's speed, growing developer base, and rich ecosystem, without taking on convertible debt, possible dilution, or management execution risk. If the treasury company proves it can add value beyond simple accumulation as a result of its partnership with BONK, the calculus can change. Until then, the coin looks like the cleaner bet. Before you buy stock in Solana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $694,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $998,376!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Alex Carchidi has positions in Bitcoin and Solana. The Motley Fool has positions in and recommends Bitcoin and Solana. The Motley Fool has a disclosure policy. This Company Is Giga-Bullish About Solana. But Should You Buy the Stock or the Coin? was originally published by The Motley Fool
Globe and Mail
11-07-2025
- Business
- Globe and Mail
This Company Is Giga-Bullish About Solana. But Should You Buy the Stock or the Coin?
Key Points Buying crypto treasury company shares means getting leveraged exposure to the coin. You'll pay for that privilege. One treasurer in particular might be offering a bit more than the bare minimum here. 10 stocks we like better than Solana › When gold prospectors ran out of shovels, savvy merchants filled the gap and sold them tools at a markup. Fast-forward to today, and a company called DeFi Development (NASDAQ: DFDV) wants to sell investors a different kind of pick, specifically equity in a corporate balance sheet stuffed with Solana (CRYPTO: SOL). For those who remember Strategy turning its convertible debt into a Bitcoin stash, DeFi Development's pitch will feel familiar. The plan is to raise cash via issuing debt and equity, buy Solana with the proceeds, and then repeat the process. But this business is actually pursuing a broader mandate than the typical one-coin treasury project, which could create new revenue streams or perhaps just add risk. That raises the question of whether it would make sense to buy the treasurer, or whether it's wiser to just buy the underlying coin. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Here's what's really going on and how to decide which side of this trade belongs in your portfolio. This treasurer competes with a twist First, the numbers. After a fresh purchase of 47,272 Solana on July 7, DeFi Development holds 690,420 Solana worth roughly $109 million. Management stakes most of those coins across its own validator set, harvesting native yield that theoretically compounds the company's book value over time. Second, let's look at the war chest. On July 2, the company boosted a convertible note sale to $112.5 million, earmarking $75 million for an opportunistic share buyback and the rest for buying more Solana. This cheap debt juices returns for holders of the company's shares if Solana rallies. If it slides, shareholders eat the decline plus the note's 5.5% coupon. An interesting and perhaps decisive component of DeFi's strategy is the ecosystem play. In mid-May, it linked with BONK, a major meme coin and meme coin-launchpad project, to co-run a Solana validator, marking the first public company and meme coin-node partnership. BONK will supposedly supply grassroots enthusiasm from investors for Solana itself, whereas the treasurer supplies capital and public market credibility. The duo splits rewards and publicity alike, theoretically expanding staking income and thus demand for Solana. It's this ecosystem collaboration that might make the business more than just another crypto treasurer without any economic moat. Teaming up with meme projects isn't any guarantee that the stock will do well whatsoever, but it could possibly be the start of a competitive advantage, especially if the business can attract new investors while simultaneously driving the capital appreciation of its main asset in the way that it aspires to. Which is the smarter bet right now? As of July 10, DeFi Development stock trades near $25. Given it holds about $5.90 of Solana per share, buyers are paying a large premium for this stock. In comparison, one SOL costs about $158 in the spot market, and investors get exposure to close to 100% of the value of their investment even after accounting for fees. The exposure gap here reflects hope that management will compound value dramatically faster than the coin itself. There is not yet any evidence that this management team in particular is capable of that even though a similar treasury approach has helped Strategy to perform much better than Bitcoin during the past few years. The premium also bakes in leverage risk; the convertible notes convert at $23.11, so a big Solana price decline could dilute equity just when morale is lowest. Furthermore, leverage isn't free. Interest eats into staking yield, and callable debt can pressure liquidity during bear markets. Shareholders also face dilution from at-the-market equity lines that management has already registered, which is how this business funded earlier Solana buys. None of those headaches apply to holding Solana directly, which would also give investors the option to capture the staking yield themselves. That doesn't mean the stock is doomed. If Solana rockets another 200% and staking rewards stay fat, DeFi Development's per-share crypto backing could outpace share issuance, shrinking the premium and driving an increase in its share price. A successful validator business or tokenized share listing on the Kraken crypto exchange, which is planned for later this year, might unlock new revenue too. But those catalysts are speculative, not confirmed. Therefore, logic favors buying Solana today and watching DeFi Development from a safe distance, if not ignoring it for now. You capture the same core thesis, which is to say Solana's speed, growing developer base, and rich ecosystem, without taking on convertible debt, possible dilution, or management execution risk. If the treasury company proves it can add value beyond simple accumulation as a result of its partnership with BONK, the calculus can change. Until then, the coin looks like the cleaner bet. Should you invest $1,000 in Solana right now? Before you buy stock in Solana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $694,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $998,376!* Now, it's worth noting Stock Advisor 's total average return is1,058% — a market-crushing outperformance compared to180%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 7, 2025
Yahoo
16-06-2025
- Business
- Yahoo
Solana Treasury Strategy Better Than ETH, Firms Buying SOL Should Trade at Premium: Cantor
Cantor initiated coverage of the three largest solana SOL treasury companies DeFi Development (DFDV), Upexi (UPXI) and Sol Strategies (HODL) with an overweight rating, the Wall Street firm said in a research report Monday. The broker has a $45 price target for DeFi Development, a C$54 objective for Sol Strategies, and a $16 price target for Upexi. "We believe SOL treasury companies are betting the future of finance will be on-chain and that the chain of choice will be Solana," analysts led by Thomas Shinske wrote. Solana's biggest competitor is the Ethereum blockchain, Cantor noted, but its technology is meaningfully better than its larger peer on every metric. "Developer growth on SOL has far exceeded that on ETH recently, and we expect this to continue," the authors wrote. Therefore, using solana as a treasury asset makes more sense than using ether ETH, the report said. The report added that companies that have adopted solana as a treasury asset believe that the crypto can overtake ether, which currently has a market cap 2.5 times larger than SOL.
