Summary of DeFi Development Corp. (NasdaqCM:DFDV) Conference Call Company Overview - **Company**: DeFi Development Corp. (DFDV) - **Date of Call**: March 04, 2026 - **Speakers**: Pete Humiston (CMO), Parker White (CIO and COO) Key Highlights Industry and Market Context - The call discussed the current state of the cryptocurrency market, emphasizing that it is in a bear market, which has been characterized by a rapid decline in asset values, the fastest in recent history [49][50] - The sentiment in the market is described as extremely negative, worse than during the FTX crisis, but there is a belief that a rebound could occur sooner than expected due to the nature of the current bear market [51][52] Financial Guidance and Performance - DFDV revised its near-term guidance for SOL from 0.165 SOL per share to 0.085 SOL per share, citing market conditions as the reason for this adjustment, while maintaining long-term guidance [6][9] - The management team believes that the timeline for the next bull market may be pushed out by several months to a year, but they remain optimistic about reaching a target of 1 SOL per share in the long term [9][10] Research and Development - DFDV published a new research report on Solana's native token, SOL, proposing a long-term valuation of approximately $10,000 per SOL, treating it as a scarce digital real estate asset [2] - The report suggests that Solana should be valued as a digital economy rather than a software company, comparing it to a city-state like Manhattan, where owning SOL is akin to owning real estate [24][26][29] Community Engagement and Events - DFDV co-hosted the Solana Breakpoint conference, which attracted over 350,000 attendees and featured significant discussions within the Solana ecosystem [3] - The company is actively engaging with institutional investors and expanding educational efforts through various platforms [3] Investment in ApeX Protocol - DFDV announced its investment in ApeX, a new protocol designed to offer enhanced yield to stablecoin market participants through a dividend-backed stablecoin model [4][31] - ApeX is positioned as a decentralized project with a governance token and aims to provide transparency in its operations, contrasting with existing stablecoin models like Tether [32][34] - The investment is seen as a potential catalyst for DFDV's fundraising ability and overall business growth, with expectations that it could unlock significant value for the company [37][38] Management Compensation and Shareholder Alignment - There were concerns regarding management bonuses during a downturn, but management emphasized that compensation was aligned with industry standards and aimed at retaining talent [10][12][17] - The management team collectively owns over 20% of the company, reinforcing their commitment to long-term growth and alignment with shareholder interests [17] Future Outlook - The management team remains optimistic about the future, believing that the company is well-positioned to weather the current market conditions and continue building [52][55] - There is a focus on innovation and maintaining momentum despite the bear market, with a commitment to shareholder value and long-term growth [45][56] Additional Insights - The management team highlighted the challenges in the current market, including the difficulty in M&A activity due to entrenched management teams in other companies [46][47] - The call concluded with a positive note on the potential for recovery in the crypto market and a commitment to continue engaging with shareholders and the community [55][56]

As filed with the Securities and Exchange Commission on December 18, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 DEFI DEVELOPMENT CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 7389 83-2676794 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 6401 Congress Av ...

As filed with the Securities and Exchange Commission on October 28, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 DEFI DEVELOPMENT CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 7389 83-2676794 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 6401 Congress Ave ...