- On **October 16, 2025**, DeFi Development Corp. **acquired 86,307 SOL** at an average price of **$110.91 per SOL**.  **[1805526_0001213900-25-099344_ea026146701ex99-1_defi.htm:0]** 
- This acquisition increased the company's aggregate SOL and SOL-equivalent position by **4.7%**, bringing the total to **2,195,926 SOL**, valued at approximately **$426 million** as of October 15, 2025.  **[1805526_0001213900-25-099344_ea026146701ex99-1_defi.htm:0]** **[1805526_0001213900-25-099344_ea026146701ex99-1_defi.htm:1]** 
- As of October 15, 2025, the company had **28,888,178 total shares outstanding**, with a SOL per Share (SPS) of **0.0760**, valued at **$14.67**.  **[1805526_0001213900-25-099344_ea0261467-8k_defi.htm:1]** **[1805526_0001213900-25-099344_ea026146701ex99-1_defi.htm:1]** 
- The company's strategy is to hold and stake SOL long-term to generate native yield and provide investors with direct economic exposure to SOL.  **[1805526_0001213900-25-099344_ea026146701ex99-1_defi.htm:1]**

DeFi Development Corp. Acquires 86,307 SOL

- DeFi Development Corp. (DFDV) announced a special **warrant dividend distribution** to its common stockholders and holders of its 5.50% Convertible Senior Notes due 2030.  **[1805526_0001213900-25-097242_ea026065201ex99-1_defi.htm:1]** **[1805526_0001213900-25-097242_ea0260652-8k_defi.htm:2]** 
- Stockholders of record as of **October 23, 2025**, will receive **one warrant for every ten shares** of common stock held, rounded down. Noteholders will receive **4.32694 warrants per $1,000 principal amount** of notes.  **[1805526_0001213900-25-097242_ea026065201ex99-2_defi.htm:0]** **[1805526_0001213900-25-097242_ea026065201ex99-1_defi.htm:1]** **[1805526_0001213900-25-097242_ea0260652-8k_defi.htm:2]** 
- The warrants, with an **exercise price of $22.50** per share, are expected to be distributed on or about **October 27, 2025**, and will expire on **January 21, 2028**, unless an early expiration condition is met.  **[1805526_0001213900-25-097242_ea026065201ex99-2_defi.htm:0]** **[1805526_0001213900-25-097242_ea026065201ex99-1_defi.htm:1]** **[1805526_0001213900-25-097242_ea0260652-8k_defi.htm:2]** 
- DFDV expects to distribute approximately **3.3 million warrants**, which, if fully exercised, could generate up to **$73.5 million** in gross proceeds for general corporate purposes, including the acquisition of SOL and working capital.  **[1805526_0001213900-25-097242_ea026065201ex99-1_defi.htm:1]** **[1805526_0001213900-25-097242_ea026065201ex99-2_defi.htm:1]** 
- The warrants are expected to be freely tradable and listed on the Nasdaq Capital Market under the ticker **DFDVW** on the first trading day following the distribution date.  **[1805526_0001213900-25-097242_ea026065201ex99-1_defi.htm:1]** **[1805526_0001213900-25-097242_ea026065201ex99-2_defi.htm:1]** **[1805526_0001213900-25-097242_ea0260652-8k_defi.htm:2]**

DeFi Development Corp. Announces Warrant Dividend Distribution

- 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)