DeFi Development Announces Q1 2026 Results: Repurchased Approximately $4.4 Million in Convertible Notes, Maintaining Long-Term SOL-per-Share Target
DeFi Development Corp. released its Q1 2026 shareholder letter and business update: The company repurchased approximately $4.4 million in principal amount of its convertible notes due July 2030 for about $2.6 million in cash, representing a 41% discount to face value. As of May 13, 2026, its SOL-per-share metric stood at 0.0670, up 108% year-on-year and up 1% from March 30; total SOL and equivalents amounted to 2,294,576, an increase of 3% from March 30. The company reaffirmed its guidance of 0.075 SOL per share for June 2026 and maintained its long-term target of 1.0 SOL per share by December 2028.
