DeFi Development reports 108% SOL growth despite Q1 loss
DeFi Development Corp. said its fully converted SOL per share rose 108% over the past year, reaching 0.0670 on May 13. DFDV reported 108% yearly SOL-per-share growth, lifting fully converted SPS to 0.0670 by May 13.The company posted an $83.4 million Q1 loss as lower SOL prices weighed on holdings.Validator operations, Bonk partnerships and onchain treasury deployment remain central to DFDVs wider Solana strategy. The figure was up from 0.0322 one year earlier and 0.0665 on March 30. The company also reported 2,294,576 SOL and SOL equivalents, with about 34.2 million fully converted shares outstanding. The Nasdaq-listed firm said it remains focused on building a Solana treasury model. It also repurchased about $4.4 million in July 2030 convertible notes for about $2.6 million in cash. That marked a 41% discount to par. DeFi Development reaffirmed June 2026 guidance of 0.075 SPS and kept its December 2028 target of 1.0 SPS unchanged. Losses widen as revenue rises The update came with a much wider quarterly loss. DeFi Development reported total revenue of $2.66 million in Q1 2026, up from $287,000 in Q1 2025. Digital asset treasury revenue reached $2.40 million during the quarter. Net loss was $83.4 million, compared with a $778,000 loss in the same









