DeFi Development Corp.

DeFi Development Corp. reported a significant net loss of $(27.3) million for the second quarter of 2026, a substantial decline from a net income of $15.4 million in the same period last year. The company's total assets decreased by 33.8% to $203.3 million, and stockholders' equity turned into a deficit of $(12.0) million. While overall revenue increased, the Real Estate Platform segment experienced a sharp decline in revenue, and the company's digital asset holdings at fair value decreased by over 50%.

DeFi Development Corp. reported its Q2 2026 financial results, showing a 24% year-over-year growth in SOL per share (SPS) to 0.066. Despite a significant net loss of $27.287 million and negative diluted EPS of ($1.00), the company achieved a 66.9% increase in total revenue and a 22.6% reduction in operating expenses. Strategic actions included repurchasing convertible debt at a discount and simplifying its capital structure and onchain strategy, while reaffirming its long-term SPS target.

DeFi Development Corp. released its Q2 2026 Shareholder Letter and Business Update, highlighting a 24% year-over-year increase in SOL per share (SPS) to 0.066 and total SOL and SOL equivalents of 2,311,523. The company repurchased approximately $3.5 million in principal of July 2030 convertible notes for $2.3 million, achieving a 35% discount. Additionally, operating efficiencies are expected to reduce Q3 costs, and the company is simplifying its capital structure by concentrating activity in institutional-scale protocols and discontinuing the Treasury Accelerator program.

DeFi Development Corp. announced its June & July 2026 Business Recap, showcasing continued execution across its treasury strategy, validator business, and research initiatives. The company introduced the SOL Boost Framework, detailing its approach to delivering leveraged SOL exposure and long-term SOL Per Share (SPS) growth. An interactive SOL Boost Calculator was also launched to aid investor understanding. Additional highlights include organizational streamlining, validator expansion in Japan, and the transition of DisclaimerCoin to an independent team, alongside strong fundamental milestones for Solana.

DeFi Development Corp. announced its support for Solana Improvement Documents SIMD-0550 and SIMD-0553, stating it plans to vote in favor of both proposals. SIMD-0550 aims to double Solana's annual disinflation rate to 30%, potentially reducing SOL issuance by 18.9 million over six years. SIMD-0553 proposes a resource-based transaction fee model, which could increase daily SOL burns from approximately 648 SOL to 7,500-9,000 SOL. The company believes these changes will improve SOL's long-term supply dynamics and enhance the token's value accrual.

DeFi Development Corp. (DFDV) announced the strategic transition of leadership for its memecoin, DisclaimerCoin (DONT), to Daniel Reis-Faria, CEO of ZeroStack Holdings Inc., and a dedicated team. This move is intended to ensure DONT's long-term success through independent ecosystem development, community growth, and utility expansion. While DFDV will retain its 31.6% treasury allocation of DONT, it will no longer manage the day-to-day ecosystem. The transition builds on an existing strategic relationship between DFDV and ZeroStack, and follows HCMC's recent acquisition of DONT.

DeFi Development Corp. announced its separation from its UK subsidiary, DeFi Development Corporation UK PLC (DFDV UK). The Company stated it has no ongoing exposure or role in DFDV UK's future operations or strategic direction. DFDV UK plans to rebrand as Cykel AI PLC and shift its focus to artificial intelligence. In connection with this divestment, DFDV's revolving credit facility with the UK company has been terminated.

DeFi Development Corp. (DFDV) announced its reincorporation from the State of Delaware to the State of Nevada, effective June 26, 2026. This change means the company's internal affairs are now governed by Nevada law and its new corporate documents. The reincorporation did not result in any changes to its headquarters, business, management, assets, liabilities, or material contracts. All outstanding shares and equity rights automatically converted to the Nevada corporation's equivalent, and the stock continues to trade on Nasdaq under "DFDV."

DeFi Development Corp. announced the resignation of Parker White, its Chief Operating Officer and Chief Investment Officer, effective June 8, 2026. The company entered into a separation agreement with Mr. White, which includes cash payments totaling $250,000 over the next twelve months and the acceleration of vesting for 213,272 outstanding unvested options. Additionally, Mr. White will provide ongoing consulting services for $8,333 per month to assist with the transition of operations.

DeFi Development Corp. announced that executive Parker White will depart from his role, effective June 8, 2026. Mr. White will transition to a consultant role for a limited period to assist with the transfer of his responsibilities before focusing on Apyx, a decentralized financial project. CEO Joseph Onorati thanked White for his contributions and reaffirmed the company's commitment to its Solana treasury strategy and disciplined execution, emphasizing continuity with the existing management team.