TLDR
- DeFi Development Corp reported a 108% year over year increase in SOL per share.
- The company raised SOL per share to 0.0670 from 0.0322 a year earlier.
- DeFi Development Corp held 2,294,576 SOL and SOL equivalents as of May 13.
- The company generated $2.66 million in total revenue in the first quarter.
- Digital asset treasury operations contributed $2.4 million to quarterly revenue.
- DeFi Development Corp posted a net loss of $83.4 million for the quarter.
DeFi Development Corp reported a 108% year-over-year increase in SOL per share despite wider quarterly losses. The company raised SOL per share to 0.0670 as of May 13, from 0.0322 a year earlier. It also reaffirmed its June 2026 target while posting higher revenue and a larger net loss.
DeFi Development Corp expands SOL holdings and revenue
DeFi Development Corp said its SOL per share reached 0.0670 as of May 13. The figure compares with 0.0322 reported one year earlier. The company held 2,294,576 SOL and SOL equivalents as of Wednesday.
The firm reported $2.66 million in total revenue for the first quarter. Revenue rose 827% from $287,000 recorded in Q1 2025. Digital asset treasury operations generated $2.4 million during the quarter.
However, the company posted a net loss of $83.4 million for the period. It reported a net loss of $778,000 in the same quarter last year. The loss reflected declines in non-cash digital asset holdings.
Solana traded at $91 at the time of reporting. The token price fell 48% over the past year. The companyās unaudited statement detailed the financial results.
SOL strategy drives treasury operations and targets
DeFi Development Corp attributed growth in SOL per share to internal strategies. The company staked assets through a validator business acquired in May 2025. It also partnered with Bonk to operate a joint validator node.
The firm deployed more than 25% of its treasury onchain. Chief Executive Officer Joseph Onorati outlined the companyās approach in a statement. He said, āWe have always believed the MSTR playbook is a starting point, not a ceiling.ā
Onorati added that SOL differs from Bitcoin in structure and use. He said, āSolana’s ecosystem offers tools unavailable to a bitcoin treasury company.ā He cited native onchain yield and composable DeFi protocols.
The company repurchased about $4.4 million principal of July 2030 convertible notes. It paid $2.6 million in cash for the debt. The transaction retired the notes at a 41% discount to par.
The firm reaffirmed its June 2026 guidance of 0.075 SOL per share. It maintained its longer-term target of 1.0 SOL per share by December 2028. The company disclosed these updates as of May 13, 2026.
DFDV shares closed at $4.65 on Wednesday. The Nasdaq-listed stock fell 3.13% for the session. Over the past year, the share price declined 64%.
