Core Viewpoint - DeFi Development (DFDV), the first publicly traded company focused on Solana, is gaining market recognition through its aggressive SOL accumulation strategy and strong staking yields [1][3]. Financial Performance - In Q2, DFDV reported earnings per share of $0.84 and revenue of $1.97 million [1]. - As of August 11, DFDV holds over 1.3 million SOL tokens, valued at nearly $250 million, with staking operations expected to generate approximately $63,000 in SOL-denominated revenue daily [1][4]. - The "Shares Per SOL" (SPS) metric increased significantly by 47% from June 30, reaching 0.0619, with a long-term target of 0.165 by June 2026 and 1.000 by December 2028, representing a 167% increase from current levels [1][3]. Capital Raising and Growth Strategy - In July, DFDV raised $165 million in net capital and completed a $122.5 million convertible bond financing led by Cantor Fitzgerald, with a conversion price of approximately $23.11 per share [3]. - The SPS metric saw a month-over-month increase of 34% in July, marking one of the fastest growth periods in the company's history [3]. Asset Management and Yield Metrics - As of August 11, DFDV's SOL holdings reached 1.3017 million tokens, with over 4,500 SOL added in the first two weeks of August [4]. - The company introduced the "Annualized Organic Yield" (AOY) metric to track the performance of staked assets, expecting it to remain around 10% over the next 12 months, despite potential fluctuations due to network dynamics [4]. Differentiated Positioning - Since launching its new strategy in April 2025, DFDV aims to create a differentiated path from traditional Bitcoin treasury models, focusing on non-Bitcoin crypto assets [5]. - The company emphasizes deep integration with the Solana ecosystem, operating its own validator infrastructure, participating in DeFi protocols, and launching a tokenized version of its equity, DFDVx, for 24/7 trading [5]. - DFDV's management highlights a commitment to transparent and sustainable growth, avoiding excessive leverage and highly speculative assets [5].

Core Insights - DeFi Development Corp. has announced a strategic partnership with Mayan, enhancing its treasury strategy focused on accumulating and compounding Solana (SOL) [1][4] - The integration allows for seamless cross-chain and native swapping of DFDVx, the company's tokenized equity instrument, across multiple blockchain networks [2][4] Company Overview - DeFi Development Corp. (Nasdaq: DFDV) has a treasury policy that primarily allocates its reserves to SOL, providing investors with direct economic exposure to the Solana ecosystem [6] - The company operates its own validator infrastructure, generating staking rewards and fees, and is actively engaged in decentralized finance (DeFi) opportunities [6] Partnership Highlights - The partnership with Mayan aims to make DFDVx the most accessible and liquid tokenized crypto treasury strategy in the market [4] - Users can now swap DFDVx easily across major chains supported by Mayan, including Ethereum, Base, BNB, Arbitrum, Sui, and Optimism [2][9] - The integration is expected to increase liquidity and market access for DFDVx, enhancing flexibility and utility for token holders [9][10] About Mayan - Mayan is a leading decentralized protocol facilitating near-instant cross-chain transfers, with over $1 billion in monthly volume across major blockchain networks [9] - The protocol enables fast, secure, and permissionless swapping of DFDVx within the Solana ecosystem and beyond [9]

BOCA RATON, FL, June 23, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the "Company"), the first US public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today announced a landmark partnership with Kraken to list the tokenized stock of its publicly traded equity on the Solana blockchain. As part of the xStocks alliance, Kraken is partnered with Backed and Solana to offer tokenized equities on the Kraken platform. Through this partnership, DFDV joins the i ...