DeFi Development Corp. Files Form 10-Q, Reports Unrealized Gain of $74M

Core Insights - DeFi Development Corp. reported a gain of $74 million from changes in fair value of digital assets for the quarter ended September 30, 2025, and a total gain of $96 million year-to-date [1] - The company has adopted a treasury strategy focused on accumulating and compounding Solana (SOL), providing investors with direct economic exposure to SOL and participating in the growth of the Solana ecosystem [3] Company Overview - DeFi Development Corp. is the first US public company with a treasury strategy built around Solana, holding and staking SOL while operating its own validator infrastructure to generate staking rewards [3] - The company is engaged in decentralized finance (DeFi) opportunities and is exploring innovative ways to support the expanding application layer of Solana [3] Operational Context - A brief delay in filing the Quarterly Report was attributed to an information technology disruption affecting the company's systems, but it does not impact future eligibility to use Form S-3 [2] - The Form 10-Q is accessible on the SEC's website and the company's investor relations page [2]