Simply put
- Defi Development Corp. is increasing its stock repurchase program from $1 million to $100 million.
- The company will consider purchasing shares from the open market if the MNAV is trading below 1.
- DFDV has increased by about 4% that day, but has declined by 12% in the last week of trading.
Stocks of Solana Treasury Firm Defi Development Corp. (DFDV) jumped high at 6% before retreating in the news.
DFDV is currently changing hands at $15.73, an almost 4% increase that day. It has now grown by more than 2,100% since the start of the year, but has fallen by 12% in the last week of trading.
“Ultimately, repurchase is a tool for growing Solana-Per-Share (SPS) over the long term, so we regularly evaluate the use of repurchase against other opportunities to grow SPS over the long term.” Decryption.
“Our goal is to maximize SPS growth, so some MNAVs can deploy additional cash to stock buybacks or SOL purchases,” he added.
Other publicly available digital asset companies, such as the Ethereum Treasury Sharplink game, are: Signaled the use of each share repurchase program It will come when the value of the net asset (or crypto-holding) is more valuable than the company’s market capitalization.
This is the current situation for Defi Development Corp, whose Treasury holds Solana worth around $452 million, but it trades at a market capitalization of $395 million at its current trading price, providing a ratio of MNAV or Crypto Holdings of Market Cap.
“We wanted to have the flexibility to repurchase if MNAV fell deeper than 1 over the duration,” said White, an increase in the company’s repurchase program.
The AI-powered real estate software company launched its Solana Treasury plan in early April. Change its name from Janover to Defi Development Corporation To reflect our commitment to digital assets.
Since then, the company has become even more established within the Solana ecosystem. I bought it in May Solana Validator Business DFDV stocks and cash worth $3.5 million. Since then, it has been partnering Popular Solana Meme Coin BonkI launched it Your own liquid staking tokenand established a $5 billion Stock Credit Line (ELOC) to promote future Solana purchases.
The company currently owns 2,095,748 Sol on its balance sheet; The second largest publicly traded Solana Ministry of Finance Companies around the world.
Solana has declined 1% in the last 24 hours and is currently trading at $215.61. The assets were not performing their major peers last week. The analyst says Decryption That priced company purchases and delavage pressure plays a role.
That misperformance led to the changes of countless things The best market everwas evenly split between 50-50 on whether the predictor would produce a new all-time high of over $293.31 by the end of this year. This is a 12% drop from Monday’s mark, and it fell 12% when the predictor gave the odds of 62% in 2025 with the highest ever new Solana.
(Disclosure: Myriad is a product DecryptionParent company, Dastan. )
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