DeFi Dev Corp. Grows Treasury to 1.18M SOL, Raises $20M from Equity Line of Credit

BOCA RATON, FL, July 29, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”) the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced it now holds approximately 1,182,685 SOL and SOL equivalents on its balance sheet, inclusive of rewards generated through staking and onchain activities. The increase follows the Company’s purchase of 181,303 SOL between July 21 - July 28, at an average purchase price of $155.33, representing a total value of approximately $28 million. The purchases, primarily funded through proceeds from the Company’s Equity Line of Credit, included both spot and discounted locked SOL. As a result, the Company’s key performance metric, SOL per share (“SPS”), rose 12% week over week to 0.0575 as of July 28, 2025 – marking the second consecutive week of double-digit SPS growth. Below is a summary of DeFi Dev Corp.’s current SOL position and key per-share metrics as of July 28, 2025: Total SOL & SOL Equivalents Held: 1,182,685, representing a 182,686 increase vs. our previous balance of 999,999Total SOL & SOL Equivalents Held (USD): approximately $218 millionTotal Shares Outstanding as of July 28, 2025: 20,556,103SOL per Share (“SPS”): 0.0575, representing an approximate 12% increase week over weekSPS (USD): $10.60 The newly acquired SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp.’s own Solana validators to generate native yield. Equity Line of Credit Usage During the period July 21-July 28, DeFi Dev Corp. raised approximately $20 million in net proceeds through its Equity Line of Credit facility (“ELOC”), issuing approximately 975,000 shares of common stock, bringing total month-to-date proceeds to $39 million. Approximately $10 million of the proceeds remains available primarily for future SOL purchases. To date, DeFi Dev Corp. has drawn 0.8% of the total available capacity under its ELOC. Approximately $4.96B remains available under the facility. SPS CalculatorInvestors can now use our new SPS Forecasting Calculator to model potential SOL-per-share growth based on capital raising, validator yield, and delegated stake assumptions: https://defidevcorp.com/?tab=Calculator The Company will continue to provide suitable updates to our Treasury and underlying strategies, through public releases and regulatory filing(s), as available. About DeFi Development Corp. DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (“DeFi”) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer. The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage. The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts (“REITs”), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities (“CMBS”) lenders, Small Business Administration (“SBA”) lenders, and more. The Company’s data and software offerings are generally offered on a subscription basis as software as a service (“SaaS”). Forward-Looking Statements This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "believe," "project," "estimate," "expect," strategy," "future," "likely," "may,", "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company’s SOL are carried on its balance sheet; (ii) the effect of and uncertainties related to the ongoing volatility in interest rates; (iii) our ability to achieve and maintain profitability in the future; (iv) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (v) changes in the accounting treatment relating to the Company’s SOL holdings; (vi) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (viii) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (ix) other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law. Investor Contact:ir@defidevcorp.com Media Contact:Prosek Partnerspro-ddc@prosek.com

DeFi Dev Corp. Grows Treasury to 1.18M SOL, Raises $20M from Equity Line of Credit

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