DeFi Development Sees 108% Jump in SOL Per Share

DeFi Development Corp. reported its SOL per share rose 108% to 0.0670 as of May 13, 2026, and that the company held 2,294,576 SOL and SOL equivalents on that date. The firm also posted a first-quarter net loss of $83.4 million.

The company compared the current SOL-per-share figure with 0.0322 a year earlier and attributed the increase to several strategies that differ from other digital-asset treasuries. Those strategies include internally staking through a validator business acquired in May 2025, a joint validator node partnership with Bonk, and deploying more than 25% of its treasury onchain.

DeFi Development’s unaudited financials showed total revenue of $2.66 million in Q1, up from $287,000 in the same period a year earlier. Digital asset treasury revenue accounted for $2.4 million of that total. The company recorded an $83.4 million net loss for the quarter, wider than a $778,000 loss in Q1 2025, reflecting declines in the value of non-cash digital asset holdings as Solana’s price fell about 48% over the past year to roughly $91.

Over the past six weeks the firm repurchased about $4.4 million principal of July 2030 convertible notes for $2.6 million in cash, retiring that debt at roughly a 41% discount to par.

DeFi Development reaffirmed its June 2026 guidance of 0.075 SOL per share and left unchanged its longer-term target of 1.0 SOL per share by December 2028.

Nasdaq-listed DFDV shares closed down 3.13% at $4.65 and have declined about 64% over the past year. Company disclosures emphasized that SOL-per-share growth occurred even as both the stock and Solana’s price fell.

CEO Joseph Onorati noted the company treats the Bitcoin treasury approach as a starting point and that Solana offers native onchain yield, composable DeFi protocols, and an active developer community that supports onchain deployment and validator operations.