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DeFi Development Corp. Stock Rises as Solana Firm Boosts Buyback Plan to $100 Million
Yahoo Finance· 2025-09-24 16:15
Group 1 - DeFi Development Corp. (DFDV) increased its share repurchase program from $1 million to $100 million, leading to a temporary 6% rise in shares before retracing [1] - DFDV's current trading price is $15.73, reflecting a year-to-date increase of over 2,100%, although it has seen a 12% decline in the last week [1] - The firm holds approximately $452 million worth of Solana, while its market cap is around $395 million, resulting in a market-to-net asset value (mNAV) ratio below 1 [4] Group 2 - DFDV aims to maximize Solana-per-share (SPS) growth and will evaluate buybacks against other growth opportunities [2] - The firm has established a $5 billion equity line of credit (ELOC) to support future Solana purchases [5] - DFDV is the second-largest publicly traded Solana treasury firm, holding 2,095,748 SOL on its balance sheet [6] Group 3 - Other digital asset companies, like SharpLink Gaming, are also considering share repurchase programs based on their net asset value compared to market cap [3] - The recent underperformance of Solana, which has fallen about 9% in the last week, is attributed to priced-in corporate purchases and deleveraging pressures [6] - Predictors are evenly split on whether Solana will reach a new all-time high above $293.31 by the end of the year, reflecting a decline in bullish sentiment [7]
X @Polygon
Polygon· 2025-09-10 18:53
RT stake.link (@stakedotlink)We’re excited to adopt the @chainlink standard on @0xPolygon to power secure cross-chain transfers of https://t.co/nJe0PAwllK (SDL) wrapped liquid staking token, wstPOL.Chainlink CCIP and Price Feeds enable SDL to unlock liquidity for LSTs across the onchain economy.Moving forward, in the same way we secure our LINK LST, every LST will leverage Chainlink’s CCIP, Price Feeds or any other parts of the Chainlink stack. The first-of-its-kind onchain LST Index is secured by Chainlink ...