DeFi Development Corp. Announces Proposed Private Offering of $100 Million of Convertible Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 01 2025
0mins
Should l Buy DFDV?
Source: Newsfilter
Convertible Notes Offering: DeFi Development Corp. plans to offer $100 million in convertible senior notes due 2030, with an option for an additional $25 million, primarily to repurchase shares and acquire Solana (SOL) as part of its treasury strategy.
Company Overview: The company focuses on accumulating SOL and operates a platform connecting the commercial real estate industry, serving over one million users annually with data and software services.
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Analyst Views on DFDV
Wall Street analysts forecast DFDV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DFDV is 39.00 USD with a low forecast of 39.00 USD and a high forecast of 39.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.995
Low
39.00
Averages
39.00
High
39.00
Current: 2.995
Low
39.00
Averages
39.00
High
39.00
About DFDV
DeFi Development Corp., formerly Janover Inc., provides an artificial intelligence-powered online platform that connects with the commercial real estate industry. It provides data and software subscriptions, and value-added services to multifamily and commercial property professionals. It intends to provide investors with a way to access the Solana ecosystem. Its key treasury disclosures, including Solana balances, SOL per share, and other key metrics provide public market investors with clear visibility into treasury positioning. It serves over one million Web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts, debt funds, Fannie Mae and Freddie Mac multifamily lenders, FHA multifamily lenders, and more.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Token Listing: DeFi Development Corp.'s liquid staking token, dfdvSOL, has been listed on Jupiter Lend, allowing it to serve as collateral within the Solana ecosystem, significantly enhancing its utility and composability in decentralized finance markets.
- Innovative Lending Strategies: dfdvSOL holders can borrow against their assets with loan-to-value ratios up to 92% and a liquidation threshold of 93%, enabling users to earn staking rewards while borrowing, thus improving capital efficiency.
- Strategic Expansion: This integration not only broadens the application of dfdvSOL into capital-efficient lending strategies but also reinforces DeFi Development Corp.'s market position within the Solana ecosystem, advancing its SOL-first treasury strategy.
- Increased Market Influence: By listing on Jupiter Lend, DeFi Development Corp. deepens its involvement in decentralized finance infrastructure, which is expected to attract more users and capital inflow, driving long-term growth for the company.
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- Strategic Partnership: The partnership with Perena to leverage USD stablecoin yields for SPS growth not only optimizes the company's financial structure but also lays the groundwork for potential future revenue increases.
- Quarterly Performance Outlook: The company provided preliminary Q4 growth expectations for Solana per share, coupled with share buyback plans, demonstrating its commitment to shareholder returns and confidence in future performance.
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- First Nasdaq Listing: DeFi Development Corp. becomes the first Nasdaq-listed company to utilize Solstice's YieldVault for digital asset treasury management, marking a significant innovation and leadership position in the digital asset space.
- Yield Strategy Innovation: By allocating capital into Solstice's YieldVault, DFDV aims to generate non-directional yield through funding rate arbitrage, hedged staking, and tokenized U.S. Treasury bills, while maintaining a conservative risk profile suitable for a public company.
- Ecosystem Participation: DFDV will engage in Solstice's Flares program, which tracks ecosystem contributions to earn allocations of the governance token SLX, aimed at enhancing long-term capital and liquidity, thereby increasing the company's influence within the Solana ecosystem.
- Market Potential Enhancement: Through its partnership with Solstice, DFDV not only supports the growth of its SOL per share holdings but also attracts more investors by participating in yield and incentive programs, thereby strengthening its competitive position in the market.
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- Transaction Growth: Solana processed approximately 33.1 billion transactions in 2025, marking a 28% year-over-year increase, which not only surpasses all other major blockchains combined but also underscores its sustained leadership in the smart contract arena.
- Significant User Growth: In 2025, Solana added around 1 billion new wallets, reflecting a nearly 50% year-over-year growth, which will further enhance its ecosystem's activity and market share.
- Developer Ecosystem Expansion: Solana hosted approximately 10,753 active developers in 2025, a 41% increase from the previous year, surpassing Ethereum and indicating its growing appeal and innovation capacity within the developer community.
- Surge in Economic Activity: Decentralized exchange volume on Solana skyrocketed to $1.57 trillion, up 126% year-over-year, not only eclipsing Ethereum's approximately $946 billion but also demonstrating its robust growth potential in the decentralized finance sector.
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- Transaction Volume Growth: In 2025, Solana processed approximately 33.1 billion transactions, a 28% year-over-year increase, which not only surpassed the total of all major blockchains combined but also demonstrated its strong competitive edge in the smart contract arena.
- Significant User Growth: Solana added around 1 billion new wallets in 2025, reflecting a ~50% year-over-year increase, which positions it ahead of all other major chains in user base and further solidifies its market position.
- Developer Ecosystem Expansion: In 2025, Solana hosted approximately 10,753 active developers, a 41% increase year-over-year, surpassing Ethereum and showcasing its appeal and vibrancy within the developer community.
- Surge in Economic Activity: Solana's decentralized exchange (DEX) volume skyrocketed to $1.57 trillion in 2025, up 126% year-over-year, not only eclipsing Ethereum's $946 billion but also indicating its dominant position in the decentralized finance sector.
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