In brief
- The company will issue six additional shares per existing share, effective May 20.
- Its stock has surged from under $4 to over $70 in one month amid a crypto pivot.
- The firm holds $58 million in SOL and recently acquired a validator business.
DeFi Development Corp., a publicly traded real estate software firm turned crypto holding vehicle, said Wednesday it will execute a 7-for-1 stock split later this month, capping a frenetic pivot into the Solana blockchain ecosystem that has fueled a staggering rally in its share price.
The split, approved by the board and pending regulatory steps, will take effect May 20.
Shareholders of record as of May 19 will receive six additional shares for each share they hold, increasing outstanding…
May 08 2025
