{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-070067","form_type":"8-K","ticker":"DFDV","cik":"0001805526","company_name":"DeFi Development Corp.","filed_at":"2025-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.056638+00:00","generated_at":"2026-05-17T22:25:19.674835+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"DeFi Development enters master loan agreement with BitGo; draws 75,000 Solana at 12.5%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-070067","json":"https://secwatch.observer/filing/0001213900-25-070067.json","markdown":"https://secwatch.observer/filing/0001213900-25-070067.md","text":"https://secwatch.observer/filing/0001213900-25-070067.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805526/000121390025070067/0001213900-25-070067-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805526/000121390025070067/ea0251090-8k_defi.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T22:25:19.674835+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"448a921fb5862ac17a543ddc19ffcb3c5de629a8","claim":"DeFi Development Corp. incurred loan of 75,000 Solana with BitGo Hong King Limited at 12.5% per annum maturing November 25, 2025.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805526/000121390025070067/0001213900-25-070067-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"75,000 Solana"},{"label":"Counterparty","value":"BitGo Hong King Limited"},{"label":"Rate","value":"12.5% per annum"},{"label":"Maturity","value":"November 25, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}