# EDGAR Filing Document

**Accession Number:** 0001805526
**File Stem:** 0001193125-26-002668
**Filing Date:** 2026-1
**Character Count:** 10120
**Document Hash:** 10b2cc388c3944662546c5372f6abc06
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-002668.hdr.sgml**: 20260105

**ACCESSION NUMBER**: 0001193125-26-002668

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20260105

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260105

**DATE AS OF CHANGE**: 20260105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DeFi Development Corp.
- **CENTRAL INDEX KEY:** 0001805526
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 832676794
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41748
- **FILM NUMBER:** 26507456

**BUSINESS ADDRESS:**
- **STREET 1:** 6401 CONGRESS AVE
- **STREET 2:** STE 250
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33487
- **BUSINESS PHONE:** 5615594111

**MAIL ADDRESS:**
- **STREET 1:** 6401 CONGRESS AVE
- **STREET 2:** STE 250
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33487

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Janover Inc.
- **DATE OF NAME CHANGE:** 20210329

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Janover Ventures LLC
- **DATE OF NAME CHANGE:** 20200304

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## FORM 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** January 05, 2026<br>

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DEFI DEVELOPMENT CORP

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Delaware | 001-41748 | 83-2676794 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 6401 Congress Avenue, Suite 250 |  |  |
| Boca Raton**,** Florida |  | 33487 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** (561) 559-4111<br>

Not Applicable

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| Common Stock, par value $0.00001 per share | DFDV | The Nasdaq Stock Market LLC |
| Warrants, each warrant exerciseable for one share of Common Stock | DFDVW | The Nasdaq Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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## Item 7.01 Regulation FD Disclosure.
On January 5, 2026, the Company issued a press release, attached hereto as exhibit 99.1, which discloses that the Company has 29,892,800 total shares outstanding and approximately $9.0 million in cash, stablecoins and other tokens readily-convertible-to-cash as of January 1, 2026.

The figures disclosed in the press release are preliminary, unaudited and subject to change based on the completion of period-end close procedures and review processes.

## The information furnished under this Item 7.01 will not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such a filing.
***Cautionary Note Regarding Forward-Looking Statements***. Except for historical information contained in the press release attached as Exhibit 99.1 hereto, the press release contains forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. Please refer to the cautionary note in the press release regarding these forward-looking statements.

## Item 9.01 Financial Statements and Exhibits.
*<u>(d) Exhibits.</u>*

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| | |
|:---|:---|
| Exhibit No. | Description |
| 99.1 | [<u>Press Release, dated January 5, 2026</u>](dfdv-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **DEFI DEVELOPMENT CORP.** |
| Date: | January 5, 2026 | By:  | /s/Joseph Onorati |
|  |  | Name:<br>Title: | Joseph Onorati<br>Chairman and Chief Executive Officer |

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## Exhibit 99.1

**EXHIBIT 99.1**

January 5, 2026

***DeFi Development Corp. Provides Preliminary Q4 2025 Business Update<br>*** 

<br> **BOCA RATON, FL — January 5, 2026 — DeFi Development Corp. (Nasdaq: DFDV)** (the "Company"), the first US public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today provided a preliminary business update highlighting key treasury and capital allocation activity during the fourth quarter of 2025.

During the quarter, the Company generated a 6.2% increase in Solana per share ("SPS"), bringing SPS to 0.0743 as of today, and implying an approximately 24.6% annualized run-rate. The Company currently holds 2,221,329 SOL and SOL equivalents on the balance sheet along with approximately $9M in cash, stablecoins, and other tokens-readily-convertible-to-cash as of January 1, 2026. For an update on the company's debt position, please visit the Debt tab on our website at <u>dfdv.com</u>. The Company's current shares outstanding as of January 1, 2026, is 29,892,800. The Company repurchased 2,049,113 shares at an average price of $5.62 per share in Q4.

In addition, based on preliminary internal estimates and subject to final quarter-end adjustments, the Company estimates its average organic yield for the fourth quarter of 2025 to be approximately 8.3% on an annualized basis. Organic yield is generated through a combination of staking, validator operations, and selective onchain deployment, and remains a core component of the Company's treasury strategy. More than 15% of the Company's SOL treasury remains deployed onchain.

"These results reflect our ongoing commitment to disciplined execution and shareholder alignment," said Joseph Onorati, Chief Executive Officer of DeFi Development Corp. "We continue to prioritize decisions that enhance SOL per share while maintaining the strength and integrity of our treasury."

The Company noted that the figures disclosed in this update are preliminary, unaudited, and subject to change based on the completion of quarter-end close procedures and review processes.

DeFi Development Corp. expects to provide additional details regarding its fourth-quarter and full-year 2025 results in its upcoming periodic filings.

For more information, visit <u>defidevcorp.com</u>. To stay up to date with the latest developments and insights, subscribe to our blog.

**About DeFi Development Corp.**

DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana's expanding application layer.

The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.

The Company currently serves more than 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 ("REITs"), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily

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lenders, commercial mortgage-backed securities ("CMBS") lenders, Small Business Administration ("SBA") lenders, and more. The Company's data and software offerings are generally offered on a subscription basis as software as a service ("SaaS").

Investor Contact:

<u>ir@defidevcorp.com</u> 

Media Contact:

<u>press@defidevcorp.com</u> 

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