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.
DeFi Development Corp. reported Q2 2026 results and a detailed shareholder update focused on Solana (“SOL”) exposure and cost reductions. Revenue was $3,314 thousand, up 66.9% from Q2 2025, driven by Digital Asset Treasury revenue of $3,256 thousand, up 170.1%. However, a sharp swing in digital asset valuation led to a net loss of $27,287 thousand versus prior-year income of $15,432 thousand, with diluted EPS at ($1.00).
As of August 12, 2026, the company held 2,311,523 SOL and SOL equivalents, with fully converted SOL per share (“SPS”) of 0.066, approximately 24% higher than a year earlier. Common shares outstanding were about 31.0 million and fully diluted shares 43.7 million. Management highlights cost efficiencies, with Total OpEx + COGS down 22.6% year over year and an expected step-down in Q3 as one-time legal and accounting expenses roll off and workflows are automated with AI.
The company repurchased convertible notes, including approximately $3 in principal for $2 in cash since the last update and $7 in principal for $5 in total to date, at discounts of roughly 35–38%, which it estimates will cut annual interest expense by over $400 thousand. Leverage remains high, with total debt/market cap at 216% and net debt/assets at 98%. DeFi Development is using its at-the-market facility to issue about 478 thousand shares for $1 to fund roughly $27 million in annualized cash costs, accepting about a 1.4% SPS dilution so that all SOL yield compounds in the treasury. Management discontinued the Treasury Accelerator program, narrowed its DeFi activity to a few large Solana protocols, maintained its long-term 1.0 SPS target by December 2028, and chose not to provide June 2027 SPS guidance given market uncertainty.
DeFi Development Corp. Chief Financial Officer Han Fei reported that 2,803 shares of Common Stock were withheld at $2.82 per share on July 17, 2026 to pay taxes due on the vesting of restricted stock units, leaving 360,435 Common shares held directly. Additional holdings reported as indirect include 1,000 shares of Series A Preferred Stock and 468,517 Common shares held by DeFi Dev LLC, a manager-managed limited liability company whose securities are voted by its manager, Parker White.