DeFi Development Approves 7 Splits to Drive SOL Strategy

According to The Block, the board of DeFi Development Corp. (NASDAQ: DFDV), which has been transformed into a Solana-focused company, has approved a 7-share split, increasing the outstanding shares from about 2 million to 14 million shares, prorated on May 19, and is expected to start trading at the new share price on May 20. The move is designed to improve liquidity and expand the investor base. The company has recently purchased 82,404 SOLs, bringing its total holdings to 400,000.