DeFi Development Corp to Split Stock 7-for-1 After Solana-Fueled Rally

By: bitcoin ethereum news|2025/05/09 09:15:01
0
Share
copy
In brief The company will issue six additional shares per existing share, effective May 20. Its stock has surged from under $4 to over $70 in one month amid a crypto pivot. The firm holds $58 million in SOL and recently acquired a validator business. DeFi Development Corp., a publicly traded real estate software firm turned crypto holding vehicle, said Wednesday it will execute a 7-for-1 stock split later this month, capping a frenetic pivot into the Solana blockchain ecosystem that has fueled a staggering rally in its share price. The split, approved by the board and pending regulatory steps, will take effect May 20. Shareholders of record as of May 19 will receive six additional shares for each share they hold, increasing outstanding shares from roughly 2 million to over 14 million. The company said in a statement that its authorized share count will remain unchanged. In April, the company adopted a digital asset treasury strategy focused on long-term accumulation, beginning with Solana. It later rebranded from Janover to DeFi Development Corp. to reflect its shift toward crypto-focused operations. DeFi Dev Corp. trades on Nasdaq under the ticker DFDV. Shares of the firm—formerly known as Janover Inc.—have soared more than 1,700% in just over a month, closing down 3% on Wednesday to $79.31. The move follows DeFi Dev Corp.’s announcement of a new treasury strategy centered on Solana, including the purchase of over 400,000 SOL, now worth around $58 million, and the acquisition of a validator business with 500,000 SOL in delegated stake. “The split is part of an effort to enhance liquidity and make DFDV more accessible as part of our mission to scale SOL accumulation and validator ownership,” the company posted Wednesday on X. The $3.5 million validator acquisition was mainly paid in restricted stock and came one day before the firm disclosed an additional $11.2 million SOL purchase. Executives have said the validator infrastructure provides protocol-native cash flow and deepens alignment with decentralized networks. Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Source: https://decrypt.co/318460/defi-development-corp-split-stock-crypto-fueled-rally

You may also like

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

AI Agents in Action Summit: March 31, Hong Kong Cyberport, focusing on the deep waters of AI implementation

Tomorrow, Hong Kong Cyberport will grandly open. The "AI Agents in Action" summit gathers top experts, directly addressing the real evolution of AI Agents from conceptual celebration to productization and large-scale commercial implementation.

29 Days In, What Are America’s Options on Iran?

The key is not in ground invasion but in the combination of striking capability and governance.

Flash Crash Down 97%+ with Ongoing Unlocking, WLD Completes $65 Million Off-chain Funding: Who Is Still Buying?

In the current deep bear market environment, being able to complete multi-million dollar token trades is quite rare.

Popular coins

Latest Crypto News

Read more