---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-111943"
form_type: "8-K"
ticker: "DFDV"
cik: "0001805526"
company_name: "DeFi Development Corp."
filed_at: "2025-08-28T23:59:59+00:00"
generated_at: "2026-05-17T09:29:51.696930+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# DeFi Dev Corp raises ~$124M in equity, purchases $77M SOL; total Solana holdings 1.83M

## Summary
- Issued 4,171,907 shares at $12.50 and 5,781,636 pre-funded warrants at $12.4999 in private placement.
- Acquired 407,247 SOL at avg $188.98, funded by equity proceeds; total SOL & equivalents now 1,831,011 (~$371M).
- Current SOL per share (SPS) 0.0864 ($17.52); fully diluted share count ~31M, SPS expected above 0.0675.
- Over $40M net proceeds remain for future SOL purchases and treasury operations.
- Shares outstanding after offering (including new shares) ~25.4M; press release reports ~21M excluding new issuance.

## SEC filing metadata
- accession: 0000950170-25-111943
- form_type: 8-K
- ticker: DFDV
- cik: 0001805526
- company_name: DeFi Development Corp.
- filed_at: 2025-08-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805526/000095017025111943/0000950170-25-111943-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805526/000095017025111943/dfdv-20250828.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-111943
- JSON: https://secwatch.observer/filing/0000950170-25-111943.json
- Plain text: https://secwatch.observer/filing/0000950170-25-111943.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.