DeFi Development Corp, a publicly traded real estate software firm turned crypto holding vehicle, revealed plans for a 7-for-1 stock split following a significant surge driven by its pivot to the Solana blockchain ecosystem. $BNB
The split, set for May 20 pending regulatory approval, will see shareholders receiving six additional shares for each held share, boosting outstanding shares from 2 million to over 14 million. Despite the split, the authorized share count will remain the same. The company's recent focus on accumulating digital assets, starting with Solana, $SOL
led to its rebranding as DeFi Development Corp. The firm's stock, trading as DFDV on Nasdaq, has skyrocketed over 1,700% in a month. The move aligns with the company's strategy to increase liquidity and accessibility, supporting its mission to expand SOL accumulation and validator ownership in the Solana ecosystem.
