DeFi Development Corp. (DFUKF) SEC Filings

DeFi Development Corp. (DFDV) reported that it intends to conduct an initial public offering of up to $20 million of its Variable Rate Series C Perpetual Preferred Stock, called the CHAD Stock, under an effective shelf registration statement. The company expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares offered, and the transaction remains subject to market and other conditions.

The CHAD Stock is expected to pay cumulative dividends at a variable rate on a stated amount of $10.00 per share, with an initial annual rate of 13.00%, payable daily and with the first regular dividend payment on October 1, 2026. At closing, the company intends to fund a dividend reserve of $1.30 per share, equal to 12 months of dividends at 13%, using existing cash, cash equivalents, financial instruments and/or digital assets. DeFi Development Corp. plans to use net proceeds for general corporate purposes, including working capital, acquiring Solana (SOL) and other digital asset-related investments, and strategic growth initiatives.

DeFi Development Corp. (symbol: DFDV) is the issuer of record for a Form 424B5 filing submitted to the SEC.

DeFi Development Corp. (DFDV) reported that it has resumed purchases of Solana (SOL), acquiring approximately 19,000 SOL at an average price of $98.14 and increasing its treasury to about 2,333,432 SOL and SOL equivalents. The purchase was partially funded by divesting its ZeroStack position, and the newly acquired SOL is intended as a long-term treasury asset to be deployed through the company’s staking and onchain treasury infrastructure, which is expected to generate additional staking and onchain revenue.

The company highlighted that, quarter-to-date, SOL has outperformed the Nasdaq-100 by 33%, while DFDV’s equity has outperformed SOL by 1.8x, and that month-to-date DFDV’s return has been more than twice that of SOL. DFDV also noted strong trading liquidity, ranking among the most actively traded publicly listed SOL digital asset treasury companies for the week ended August 21, 2026, and leading its category in trading volume as a percentage of market cap and on multiple days in absolute dollar volume. DeFi Development Corp.’s strategy centers on holding, staking, and validating on Solana, alongside broader DeFi activities, while also operating an AI-powered SaaS platform serving multifamily and commercial real estate professionals.

For DeFi Development Corp. (DFDV), reporting person Parker White, a ten percent owner, reported two open-market purchases of common stock on 2026-08-21 totaling 10,069 shares at prices of $3.9299 and $3.88 per share. After these trades, White reports indirect ownership of 2,488,992 common shares and 4,500 shares of Series A Preferred Stock through Defi Dev LLC, and 333,841 common shares through SolSync Solutions Partnership, where he holds voting and dispositive control. The trades were not reported under a Rule 10b5-1 trading plan.

DeFi Development Corp. (DFDV) disclosed that Chief Strategy Officer Kang Daniel purchased 11,000 shares of Common Stock on August 20, 2026 at $3.88 per share in an open market or private transaction, increasing his directly held shares to 18,181. He also reports indirect ownership of 46,852 shares held by Defi Dev LLC, where voting is exercised by manager Parker White, and 13,000 shares held by Riveya Technology Fund LLC, of which he is the sole member and manager. The filing does not indicate use of a Rule 10b5-1 trading plan.

DeFi Development Corp. (DFDV) reported that Chief Financial Officer Han Fei had 2,803 shares of common stock withheld on 2026-08-17 to satisfy tax obligations arising from the vesting of restricted stock units, at $3.16 per share. Following this tax-withholding transaction, Han Fei directly holds 357,632 shares of common stock. In addition, entities associated with Han Fei indirectly hold 468,517 shares of common stock and 1,000 shares of Series A Preferred Stock through Defi Dev LLC, a manager-managed limited liability company whose securities are voted by Parker White as manager.

Kang Daniel, Chief Strategy Officer of DeFi Development Corp. (DFDV), reported an open-market purchase of common stock on 2026-08-14. An entity he controls, Riveya Technology Fund LLC, bought 13,000 shares of common stock at $2.91 per share, resulting in 13,000 shares of indirect ownership through that entity after the transaction.

Separately, the Form 4 reports 7,181 shares of common stock held in direct ownership by Mr. Kang, and 46,852 shares held in indirect ownership through Defi Dev LLC, a manager-managed limited liability company. The related footnote states that these Defi Dev LLC securities are voted by Parker White, serving as manager of Defi Dev LLC.

DeFi Development Corp. reported rapidly growing but highly volatile results for the quarter ended June 30, 2026. Revenue rose to $3,314 thousand from $1,986 thousand a year earlier, driven mainly by digital asset treasury income from staking Solana (SOL) and related positions, while real estate platform revenue declined sharply.

Despite higher revenue, the company recorded a net loss of $27,287 thousand for the quarter and $110,677 thousand for the first half of 2026, versus profits in 2025, mainly due to a $72,549 thousand net loss on digital assets and a $22,813 thousand loss on derivatives tied to SOL financing structures. Total assets fell to $203,333 thousand from $307,410 thousand, while long-term debt remained high at $120,564 thousand and stockholders’ equity swung to a deficit of $12,034 thousand.

The company is pivoting fully to its Digital Asset Treasury segment, winding down most legacy real estate operations and increasing use of complex digital asset financing arrangements. It also repurchased 1,601,747 shares for $10,502 thousand, raised modest equity via an ATM and equity line of credit, and reincorporated from Delaware to Nevada, while remaining heavily concentrated in the Solana ecosystem and exposed to crypto market and protocol risks.