🟢💥Mansooralrhyb mentioned that according to The Block, the Board of Directors of DeFi Development Corp. (NASDAQ: DFDV) approved a 7-for-1 stock split plan on Wednesday.
🟢💥The split, which will increase the company's outstanding shares from about 2 million to 14 million shares, is expected to take effect on May 20. The company recently purchased 82,404.5 shares of SOL, bringing its total holdings to 400,000 shares, and plans to acquire a Solana validator company to align with its strategy of accumulating SOL shares and owning the infrastructure. The company, formerly known as Janover, is committed to becoming a representative institution for the 'Solana Strategy'.
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