DeFi Development Approves 1-for-7 Stock Split, Continues to Bet on Solana

The board of directors of DeFi Development Corp. has approved a 1-for-7 stock split of its issued common shares. This split will increase the company's outstanding shares from approximately 2 million to 14 million, while the authorized capital remains unchanged. The company stated: "The stock split aims to enhance liquidity and make the shares more accessible to a broader group of investors. The company will continue to execute its corporate treasury strategy focused on accumulating SOL and infrastructure ownership." Each shareholder will receive an additional six shares on May 19, and trading will resume on a split-adjusted basis on May 20, subject to Nasdaq approval.