DeFi Development Corp. (DFDV): debt financing — DeFi Development enters master loan agreement with BitGo; draws 75,000 Solana at 12.5%

DeFi Development Corp.

Master Loan Agreement with BitGo Hong Kong allows DeFi Development to borrow digital assets or cash under a revolving framework.
Initial draw of 75,000 Solana at a loan fee of 12.5% per annum, maturing November 25, 2025.
Loan collateralized at 250% initial collateral level; margin call triggered at 200%.
Company's Solana treasury assets serve as collateral; borrower must post additional if margin call threshold breached.
Facility secured, with standard events of default including failure to maintain collateral.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DeFi Development Corp. incurred loan of 75,000 Solana with BitGo Hong King Limited at 12.5% per annum maturing November 25, 2025.

Instrument: loan
Principal: 75,000 Solana
Counterparty: BitGo Hong King Limited
Rate: 12.5% per annum
Maturity: November 25, 2025
Event: incurrence

Exact text from the filing

On July 25, 2025, the parties agreed to a loan request for 75,000 Solana at a loan fee amount of 12.5% per annum and a maturity date of November 25, 2025.

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Source: SEC EDGAR

accession 0001213900-25-070067

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