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DeFi Development repurchases $4.4M convertibles at 41% discount, SOL per share rises 108% YoY in Q1 2026

Company Fundamentals
13 May 2026
GlobeNewsWire
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Bullish
pluang ai news

DeFi Development Corp. reported Q1 2026 results highlighting a 108% year-over-year increase in Solana (SOL) per share to 0.0670 as of May 13, 2026. The company repurchased $4.4 million of its July 2030 Convertible Notes for $2.6 million, a 41% discount to par value, strengthening its balance sheet. It reaffirmed its June 2026 guidance of 0.075 SOL per share and maintains a long-term target of 1.0 SOL per share by December 2028. The company also reported growth in total SOL holdings and outlined additional contributions from validator operations and other initiatives supporting its treasury strategy focused on accumulating and compounding SOL.

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