Latest news with #DeFiDevelopmentCorp
Yahoo
3 days ago
- Business
- Yahoo
Solana Treasury Company DeFi Dev Corp Buys the SOL Dip, Stacks Another $18 Million
Publicly traded real estate software firm DeFi Development Corp. bolstered its Solana treasury with more than 110,000 SOL valued around $18.4 million, the firm announced on Monday. The latest purchase brings its total Solana holdings to 1,293,562 or more than $215 million at today's Solana prices. 'We're focused on growing SOL per share as quickly and efficiently as possible,' DeFi Development Corp. Head of Investor Relations Dan Kang told Decrypt. 'Market conditions appeared favorable, and we saw an opportunity to make a meaningful, accretive addition to the treasury.' The purchase was funded via a combination of cash on hand and proceeds from its previously established $5 billion equity line of credit (ELOC), according to Kang. During the last month, DFDV reports it has raised its key metric–Solana per share (SPS)–by 47% to 0.0618 SPS. The metric, which compares the growth of the firm's treasury to the shares outstanding, was first popularized by Michael Saylor and his Bitcoin treasury firm Strategy, which reports on a similar metric called BTC Yield. The firm has a goal of hitting 0.165 SPS by June 2026 and 1.0 SPS–meaning it would hold 1 SOL for every outstanding share of DFDV–by December 2028. The Boca Raton-based firm began purchasing Solana earlier this year after establishing a crypto treasury strategy in early April. It later changed its name from Janover to DeFi Development Corporation to better align with its new crypto focus. Since that time, it's gone on to acquire a Solana validator business and raise a $5 billion equity line of credit (ELOC) to fuel future Solana purchases. Crypto Company Bullish to Raise Up to $629M in IPO 'We're focused on evolving beyond the MicroStrategy playbook. That includes growing our validator business, DeFi integrations, and working on our Treasury Accelerator — all designed to help us accumulate and compound SOL per share over time,' Kang said. Shares of DFDV are up 9.59% today to $15.38, yet remain down around 33% in the last month of trading. Nevertheless, the firm's crypto strategy has led shareholders to greater than 2,000% gains since the year began. Meanwhile, Solana has jumped 2.3% in the last 24 hours, but has retraced 10.7% over the last week to $165.46.
Globe and Mail
01-08-2025
- Business
- Globe and Mail
DeFi Development Corp. to Host X Spaces Event: 'July 2025 Business Recap & AMA'
BOCA RATON, FL, Aug. 01, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the 'Company') today announced it will host a live X Spaces conversation on Monday, August 4, 2025, at 1:30 p.m. Eastern Time, titled ' July 2025 Business Recap & AMA.' The event will offer participants a detailed review of the Company's recent business developments, key milestones, and strategic initiatives undertaken in July 2025. Additionally, the Company's leadership team will host an interactive Ask-Me-Anything (AMA) session, providing investors and community members an opportunity to have their questions addressed. Participants can join the live event by visiting DeFi Development Corp.'s official X (formerly Twitter) account at the scheduled time. A recording of the conversation will be made available shortly after the event concludes. Join the conversation: The Company does not intend to disclose any material nonpublic information during the event. About DeFi Development Corp. DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to Solana (SOL). Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana's expanding application layer. The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage. The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts ('REITs'), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities ('CMBS') lenders, Small Business Administration ('SBA') lenders, and more. The Company's data and software offerings are generally offered on a subscription basis as software as a service ('SaaS'). Forward-Looking Statements This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "believe," "project," "estimate," "expect," strategy," "future," "likely," "may,", "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company's current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of the Company's control. The Company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company's SOL are carried on its balance sheet; (ii) volatility in our stock price, including due to future issuances of common stock and securities convertible into common stock; (iii) the effect of and uncertainties related the ongoing volatility in interest rates; (iv) our ability to achieve and maintain profitability in the future; (v) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (vi) changes in the accounting treatment relating to the Company's SOL holdings; (vii) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (ix) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (x) other risks and uncertainties more fully in the section captioned 'Risk Factors' in the Company's most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized, or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Globe and Mail
29-07-2025
- Business
- Globe and Mail
DeFi Dev Corp. Grows Treasury to 1.18M SOL, Raises $20M from Equity Line of Credit
BOCA RATON, FL, July 29, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the 'Company') the first public company with a treasury strategy built to accumulate and compound Solana ('SOL'), today announced it now holds approximately 1,182,685 SOL and SOL equivalents on its balance sheet, inclusive of rewards generated through staking and onchain activities. The increase follows the Company's purchase of 181,303 SOL between July 21 - July 28, at an average purchase price of $155.33, representing a total value of approximately $28 million. The purchases, primarily funded through proceeds from the Company's Equity Line of Credit, included both spot and discounted locked SOL. As a result, the Company's key performance metric, SOL per share ('SPS'), rose 12% week over week to 0.0575 as of July 28, 2025 – marking the second consecutive week of double-digit SPS growth. Below is a summary of DeFi Dev Corp.'s current SOL position and key per-share metrics as of July 28, 2025: Total SOL & SOL Equivalents Held: 1,182,685, representing a 182,686 increase vs. our previous balance of 999,999 Total SOL & SOL Equivalents Held (USD): approximately $218 million Total Shares Outstanding as of July 28, 2025: 20,556,103 SOL per Share ('SPS'): 0.0575, representing an approximate 12% increase week over week SPS (USD): $10.60 The newly acquired SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp.'s own Solana validators to generate native yield. Equity Line of Credit Usage During the period July 21-July 28, DeFi Dev Corp. raised approximately $20 million in net proceeds through its Equity Line of Credit facility ('ELOC'), issuing approximately 975,000 shares of common stock, bringing total month-to-date proceeds to $39 million. Approximately $10 million of the proceeds remains available primarily for future SOL purchases. To date, DeFi Dev Corp. has drawn 0.8% of the total available capacity under its ELOC. Approximately $4.96B remains available under the facility. SPS Calculator Investors can now use our new SPS Forecasting Calculator to model potential SOL-per-share growth based on capital raising, validator yield, and delegated stake assumptions: The Company will continue to provide suitable updates to our Treasury and underlying strategies, through public releases and regulatory filing(s), as available. About DeFi Development Corp. DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance ('DeFi') opportunities and continues to explore innovative ways to support and benefit from Solana's expanding application layer. The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage. The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts ('REITs'), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities ('CMBS') lenders, Small Business Administration ('SBA') lenders, and more. The Company's data and software offerings are generally offered on a subscription basis as software as a service ('SaaS'). Forward-Looking Statements This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "believe," "project," "estimate," "expect," strategy," "future," "likely," "may,", "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company's SOL are carried on its balance sheet; (ii) the effect of and uncertainties related to the ongoing volatility in interest rates; (iii) our ability to achieve and maintain profitability in the future; (iv) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (v) changes in the accounting treatment relating to the Company's SOL holdings; (vi) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (viii) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (ix) other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Yahoo
22-07-2025
- Business
- Yahoo
DeFi Development Nears $200M Solana Treasury
DeFi Development Corp (DFDV) has boosted its Solana (SOL) holdings to just under one million SOL. Between July 14 and July 20, the Florida-based company acquired 141,383 SOL, roughly $19 million worth, at an average price of $133.53. Its total holdings, including staking rewards and on-chain activity, now sit at 999,999 SOL and equivalents, currently valued at around $190 million, the company said. The firm stakes its SOL across multiple validators, including its own infrastructure, to earn native yield from the network. It also participants in the network's decentralized finance ecosystem, bringing in a total of 867 SOL in a week. DeFi Development Corp is one of the few public companies to adopt solana as a core treasury asset. Its SOL holdings per share (SPS) reached 0.0514 last week, a 13% increase week-over-week, and the company aims to hit 0.1650 SPS by June 2026. The long-term goal is 1 SPS by December 2028. The company raised $19.2 million this month to finance its SOL accumulation, and still has $4.98 billion available left under its credit facility. Shares of DFDV dropped 8.7% in Friday's trading session, and moved up 10.2% in pre-market trading to $26.9. Read more: DeFi Development Surges 30% on BONK Validator Partnership, More SOL Purchases
Globe and Mail
22-07-2025
- Business
- Globe and Mail
DeFi Development Corp. to Announce Second Quarter 2025 Financial Results
BOCA RATON, FL, July 22, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the 'Company'), the first US public company with a treasury strategy built to accumulate and compound Solana ('SOL'), today announced it will publish its second quarter 2025 financial results and business outlook on its investor relations website at on Tuesday, August 12, 2025, at approximately 4:00 p.m. Eastern Time. A video update featuring CEO Joseph Onorati, CFO John Han, COO & CIO Parker White, and Head of Investor Relations Dan Kang will be uploaded to on August 13, 2025, at approximately 8:00 a.m. Eastern Time. Management will address strategic highlights and take questions submitted in advance by both retail investors and sell-side analysts. Starting on August 1 at 4:00 p.m. Eastern Time, all shareholders will be able to submit and upvote questions for DFDV management by visiting here. This Q&A platform will remain open until 24 hours before the video interview is published. For more information, visit To stay up to date with the latest developments and insights, subscribe to our blog. About DeFi Development Corp. DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana's expanding application layer. The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage. The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts ('REITs'), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities ('CMBS') lenders, Small Business Administration ('SBA') lenders, and more. The Company's data and software offerings are generally offered on a subscription basis as software as a service ('SaaS').
