DeFi Development Corp. Announces $100 Million Share Repurchase Authorization

Core Viewpoint - DeFi Development Corp. has significantly increased its stock repurchase program from $1 million to $100 million, reflecting confidence in its treasury strategy focused on accumulating Solana (SOL) [1][2][3] Group 1: Stock Repurchase Program - The repurchase program allows the Company to buy back shares of its common stock on the open market, adhering to Rule 10b-18 of the Securities Exchange Act of 1934 [2] - The authorization provides flexibility for repurchasing up to $100 million, with an initial threshold of $10 million requiring management to update the Board before further purchases [3] - The timing, method, and amount of repurchases will be determined by management based on market conditions and other factors, with no obligation to acquire a specific amount of stock [4] Group 2: Treasury Strategy - DeFi Development Corp. has adopted a treasury policy that primarily allocates its treasury reserve to SOL, providing investors with direct economic exposure to the cryptocurrency [5] - The Company actively participates in the growth of the Solana ecosystem by holding and staking SOL, and operates its own validator infrastructure to generate staking rewards [5] - The Company is also exploring decentralized finance (DeFi) opportunities to support and benefit from Solana's expanding application layer [5]