DeFi Development Corp (DFDV) has significantly increased its stock repurchase program from $10 million to $100 million, following board approval. This strategic move is designed to reduce the number of outstanding shares, enhance earnings per share, and better align shareholder equity with the company's substantial Solana (SOL) holdings. DFDV currently holds 2.096 million SOL, valued at $444 million.
The company plans to utilize funds from a $112.5 million convertible bond issued in July 2025 to further invest in SOL and support the expanded buyback initiative. Additionally, DFDV is set to partner with Frametric Labs to launch South Korea's first Solana Decentralized Autonomous Trust (DAT) and intends to invest between $5 million and $75 million in global DATs through its Treasury Accelerator program.
DeFi Development Corp Expands Stock Buyback to $100M, Boosts Solana Focus
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