Welcome to our dedicated page for DeFi Development SEC filings (Ticker: DFDV), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
DeFi Development Corp. filings document a Nasdaq-listed operating company with common stock under DFDV and warrants under DFDVW. The records cover its Solana-focused treasury model, registered securities, capital raising arrangements, business updates, governance actions, executive compensation, and changes involving legacy business activities.
Recent 8-K disclosures include an at-the-market equity sales agreement, results and business updates, director appointments, officer separation arrangements, equity incentive grants, and the wind down of legacy Janover Capital Markets and Janover Insurance businesses. Registration statements and related disclosures describe securities offerings, smaller reporting company and emerging growth company status, risk factors, and capital structure.
DeFi Development Corp. (DFDV) insider Parker White, the company’s COO, Chief Investment Officer and a director, reported several equity transactions mainly involving internal restructurings and a warrant dividend. On 11/21/2025, White acquired 242,071 shares of common stock at $0.0000 per share through a pro rata distribution from Defi Dev LLC and disposed of 395,295 common shares indirectly held by Defi Dev LLC, reflecting a redistribution of interests and a prior 7‑for‑1 stock split. On 11/25/2025, White purchased 7,041 and 3,003 additional common shares at $6.90 and $6.94, bringing direct common stock holdings to 252,115 shares.
White also reported changes in indirect holdings: after transfers tied to loan repayment, 2,488,992 common shares and 4,500 Series A preferred shares were held through Defi Dev LLC, and 333,841 common shares through SolSync Solutions Partnership. Derivative positions include warrants with a $22.50 exercise price and stock options with a $3.91 exercise price. A prior warrant dividend on 10/27/2025, based on one warrant for each 10 common shares held as of 10/23/2025, resulted in White receiving 288,428 warrants to purchase DFDV common stock.
DeFi Development Corp. (DFDV) director, CEO and 10% owner Joseph Onorati reported changes in his beneficial ownership of common stock and derivative securities. An indirect position of 271,043 shares of common stock was reported at a price of $4.96 per share through SolSync Solutions Partnership, with additional indirect holdings of 2,216,137 common shares and 4,500 Series A preferred shares through 3277447 Nova Scotia Ltd.
Following a previously declared warrant dividend, he reported receiving 221,613 warrants to purchase DFDV common stock at an exercise price of $22.5, and a further 27,104 warrants held through SolSync Solutions Partnership, both at an exercise price of $22.5. He also reported a stock option for 301,980 shares at an exercise price of $3.91, with vesting over four years beginning on 04/09/2026.
DeFi Development Corp (DFDV) reported a sharp turnaround for the nine months ended September 30, 2025, driven mainly by its new digital asset treasury strategy focused on Solana (SOL).
Revenue rose to $6.9 million from $1.5 million a year earlier, while net income swung to $70.7 million from a $2.2 million loss, largely due to a $95.6 million gain from changes in the fair value of digital assets. The company now holds $244.3 million of digital assets at fair value and $57.2 million at carrying value, with $152.2 million pledged as collateral and $70.3 million of digital asset financing arrangements on its balance sheet.
Following an April 2025 change of control, DeFi Development added a Digital Asset Treasury segment alongside its legacy Real Estate Platform. It issued $42.0 million of April 2030 convertible notes and $122.5 million of July 2030 convertible notes, using part of the $148.9 million in proceeds and equity raises to acquire SOL and fund a $75.6 million prepaid forward stock purchase, significantly increasing leverage and exposure to crypto market swings.
DeFi Development Corp. is registering up to 3,898,856 shares of Common Stock for primary issuance upon the cash exercise of newly distributed warrants. The company is giving stockholders and certain note and pre-funded warrant holders one warrant for every ten shares (or equivalent) held as of October 23, 2025, with each warrant exercisable for one share at an exercise price of $22.50 until January 21, 2028, subject to an early-expiration price condition. If all warrants are exercised, shares outstanding would rise from 30,123,949 to 34,022,805 and DeFi Development expects to receive about $87.7 million in gross proceeds, which it plans to use for general corporate purposes, including additional Solana (SOL) purchases and working capital. The prospectus also highlights the company’s SOL-focused digital asset treasury strategy, including $97.1 million of digital assets as of June 30, 2025 and extensive risk disclosures around crypto price volatility, regulation, custody, leverage, and Solana network concentration.
DeFi Development Corp. (DFDV) furnished a Regulation FD update. The company will disclose on its website that it currently has 31,389,589 total shares outstanding and will have approximately $140.3 million of outstanding debt principal as of September 30, 2025.
The company also made available a revised warrant distribution FAQ on November 12, 2025, superseding the October 21 version. It states the warrant distribution was not registered because distributing a warrant for no consideration does not constitute a sale under Section 2(a)(3) of the Securities Act. A Form 8-A and a registration statement with a prospectus or prospectus supplement describing the warrants have been filed with the SEC.
Additionally, the company issued a press release providing its September 2025 Shareholder Letter and Business Update, along with an explanation of non-GAAP financial measures.
DeFi Development Corp. (DFDV) set a virtual annual meeting for December 18, 2025 to vote on six proposals. Stockholders will elect five directors; ratify Wolf & Company, P.C. as independent auditor for the year ending December 31, 2025; amend the 2023 Equity Incentive Plan to reserve 5,000,000 shares; amend the Certificate of Incorporation to increase authorized common stock to 1,000,000,000 and authorized preferred stock to 1,000,000,000; and approve a 2025 Employee Stock Purchase Plan. The Board recommends voting “FOR” all items.
Holders of common and Series A preferred stock may vote as of the October 24, 2025 record date. There were 30,123,949 common shares outstanding and 10,000 Series A preferred shares outstanding as of that date. Each common share has one vote and each Series A preferred share has 10,000 votes. The meeting will be conducted online, with registration and voting available via the provided web portal.
The proxy statement notes a 7-for-1 forward stock split of outstanding common stock effective May 20, 2025. Proposal voting standards vary by item, with the share authorization amendments requiring majority voting power of outstanding shares as specified.
DeFi Development Corp. (DFDV) filed a Rule 424(b)(3) prospectus to register up to 9,953,543 shares of common stock for resale by selling stockholders. The registration covers 4,171,907 outstanding shares and 5,781,636 shares issuable upon exercise of pre-funded warrants at an exercise price of approximately $0.0001 per share. The company is not selling any securities in this offering and will not receive proceeds from sales by the selling stockholders.
The shares may be sold from time to time using various methods permitted by law. DFDV’s common stock trades on Nasdaq under “DFDV”; on October 13, 2025, the last reported sale price was $16.15. Shares outstanding were 27,718,159 as of September 30, 2025. The filing notes additional “potentially issuable” shares from other instruments outside this registration.
The prospectus includes risk disclosures, including that effectiveness is expected under Section 8(a) “due to the closure of the SEC,” which may pose additional risks. DFDV remains an emerging growth and smaller reporting company.
DeFi Development Corp. (DFDV) filed an S-1 to register up to 3,898,856 shares of common stock issuable upon the exercise of company-issued warrants. The warrants were distributed at no charge on October 27, 2025, one warrant for every ten shares (and to specified note and pre-funded warrant holders as described), and are exercisable for cash only at $22.50 per warrant from the registration’s effectiveness until January 21, 2028, subject to an early‑expiration price condition. The company’s common stock last closed at $13.44 on October 28, 2025; the warrants are expected to trade on Nasdaq as DFDVW.
If fully exercised, the company would receive approximately $87.7 million in gross proceeds, intended for general corporate purposes, including the acquisition of SOL and working capital. Shares outstanding were 30,123,949 as of October 23, 2025; assuming full warrant exercise, shares outstanding would be 34,022,805. Each warrant initially covers one share, with standard anti‑dilution adjustments and an early‑expiration trigger tied to a $27.00 daily VWAP threshold over a defined period.
DeFi Development Corp. (DFDV) reported an insider equity grant. A company director acquired 7,000 shares of common stock on 10/21/2025 at a reported price of $0.0000, reflecting a grant of restricted stock units (RSUs). The RSUs vest quarterly in equal installments, with 100% vested on the one-year anniversary of the grant date, contingent on continued service. Following the transaction, the director beneficially owns 7,000 shares, held directly.