- DeFi Development Corp. **acquired 62,745 SOL**, increasing its total holdings to **2,095,748 SOL**, valued at approximately **$499 million** as of September 17, 2025.  **[1805526_0001213900-25-088983_ea025789901ex99-1_defi.htm:0]** 
- As of September 16, 2025, the company reported **25,670,108 total shares outstanding**, with **SOL per share (SPS) of 0.0816**, equivalent to **$19.44**.  **[1805526_0001213900-25-088983_ea025789901ex99-1_defi.htm:1]** **[1805526_0001213900-25-088983_ea0257899-8k_defi.htm:2]** 
- The newly acquired SOL will be held long-term and staked to generate native yield.  **[1805526_0001213900-25-088983_ea025789901ex99-1_defi.htm:1]** 
- **Marco Santori resigned** as a director of the company on **September 18, 2025**, a decision not due to any disagreement with the company.  **[1805526_0001213900-25-088983_ea0257899-8k_defi.htm:1]**

DeFi Development Corp. Acquires SOL, Updates Holdings, and Reports Director Departure

- DeFi Development Corp. (DFDV) **acquired 407,247 SOL** for approximately **$77 million** on **August 28, 2025**, increasing its total holdings to **1,831,011 SOL**.  **[1805526_0000950170-25-111943_dfdv-ex99_1.htm:0]** 
- The acquisition was funded by a recent equity raise, with **over $40 million in net proceeds remaining** for future Solana purchases.  **[1805526_0000950170-25-111943_dfdv-ex99_1.htm:0]** 
- Following the equity offering, DFDV's total shares outstanding reached **25,373,702** as of **August 28, 2025**.  **[1805526_0000950170-25-111943_dfdv-20250828.htm:1]** 
- The company's SOL per Share (SPS) is **0.0864**, equivalent to **$17.52**.  **[1805526_0000950170-25-111943_dfdv-ex99_1.htm:0]**

DeFi Development Corp. Purchases SOL and Updates Holdings After Equity Raise

- DeFi Development Corp. (DFDV) announced a **$125 million equity offering** to accelerate its Solana treasury growth.  **[1805526_0000950170-25-111256_dfdv-ex99_1.htm:0]** 
- The offering includes approximately **4.2 million shares of common stock** at **$12.50 per share** and approximately **5.7 million pre-funded warrants** at **$12.4999 per share**.  **[1805526_0000950170-25-111256_dfdv-ex99_1.htm:0]** **[1805526_0000950170-25-111256_dfdv-20250824.htm:1]** 
- The company will receive a mix of **cash (approximately $92.5 million)** and **locked Solana (SOL) (approximately $32.5 million)** as consideration.  **[1805526_0000950170-25-111256_dfdv-ex99_1.htm:0]** **[1805526_0000950170-25-111256_dfdv-20250824.htm:1]** 
- Net proceeds will be deployed into **spot SOL and discounted locked SOL** to expand treasury holdings, with the transaction expected to be **NAV/share accretive and SPS accretive**.  **[1805526_0000950170-25-111256_dfdv-ex99_1.htm:0]** **[1805526_0000950170-25-111256_dfdv-ex10_1.htm:17]** 
- The transaction is expected to close on **Thursday, August 28, 2025**.  **[1805526_0000950170-25-111256_dfdv-ex99_1.htm:0]** **[1805526_0000950170-25-111256_dfdv-20250824.htm:1]**

DeFi Development (DFDV)