---
schema_version: "secwatch.filing_event.v1"
accession: "0001805526-26-000052"
form_type: "8-K"
ticker: "DFDV"
cik: "0001805526"
company_name: "DeFi Development Corp."
filed_at: "2026-08-12T20:47:32+00:00"
generated_at: "2026-08-12T20:49:10.362001+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# DeFi Development Q2 update: SOL per share up 24% YoY to 0.066; notes buyback at 35% discount

## Summary
- SPS of 0.066 as of Aug 12, 2026, up ~24% YoY; total SOL and SOL equivalents 2,311,523, up 1% since last update.
- Repurchased ~$3.5M principal of July 2030 convertible notes for $2.3M in cash, ~35% discount to par.
- Announced Q3 operating cost step-down with further reductions expected; reaffirmed 1.0 SPS target by Dec 2028.
- Discontinuing Treasury Accelerator program; concentrating onchain activity in a smaller set of institutional-scale protocols.
- Q2 2026 financials, share counts, leverage, and ATM usage detailed in shareholder letter.

## SEC filing metadata
- accession: 0001805526-26-000052
- form_type: 8-K
- ticker: DFDV
- cik: 0001805526
- company_name: DeFi Development Corp.
- filed_at: 2026-08-12T20:47:32+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805526/000180552626000052/0001805526-26-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805526/000180552626000052/dfdv-20260812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001805526-26-000052
- JSON: https://secwatch.observer/filing/0001805526-26-000052.json
- Plain text: https://secwatch.observer/filing/0001805526-26-000052.txt

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