---
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"
generated_at: "2026-05-17T22:25:19.674835+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# DeFi Development enters master loan agreement with BitGo; draws 75,000 Solana at 12.5%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-070067
- JSON: https://secwatch.observer/filing/0001213900-25-070067.json
- Plain text: https://secwatch.observer/filing/0001213900-25-070067.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1805526/000121390025070067/0001213900-25-070067-index.htm

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