DeFi Development Q1 2026 Financial Results: Expansion in Solana Holdings and Convertible Bond Repurchases Reported

On May 13, DeFi Development Corp, a treasury company for the cryptocurrency Solana (SOL), announced its financial results for the first quarter of 2026 (January to March).

As of May 13, the company reported a 108% increase in per-share SOL from the previous year, reaching 0.0670 SOL. The company held 2,294,576 SOL on the same date. DeFi Development has set a target to increase per-share SOL to 0.075 by June 2026.

CEO Joseph Honorati stated that Solana represents a different asset class compared to Bitcoin (BTC),...