DeFi Development Corp., formerly Janover Inc., is executing a seven-for-one stock split on May 20, increasing its outstanding shares from 2 million to more than 14 million.
The move follows a dramatic rotation into the Solana blockchain that propelled the company’s share price to rise roughly 1,700% in just one month.
Now trading on Nasdaq under the symbol DFDV, the company has rebranded and restructured its business to focus on crypto infrastructure.
The split, the company said, is intended to boost liquidity and make shares more accessible to investors as it expands decentralized infrastructure operations across the blockchain and validator economy.
Solana pivot drives market surge
The Florida-based real estate software firm entered the digital asset space in April with a treasury strategy centered on long-term accumulation of Solana (SOL).
Shortly after, the company changed its name to DeFi Development Corp. to signal a permanent shift toward blockchain assets and operations.
Shares that had traded at modest levels under the Janover name rose sharply following the strategic announcement.
Although DFDV pulled back about 3% on Wednesday to close at $79.31, that decline followed an explosive run that saw the stock climb more than 1,700% in a matter of weeks.
The company noted on its social channel that the split was designed to increase liquidity and broaden investor access for those interested in decentralized infrastructure projects.
Recent performance has drawn significant attention from both institutional and retail market participants.
Validator acquisition and SOL reserves
DeFi Development Corp. reinforced its Solana focus through two primary actions: acquiring a Solana validator in a deal that included 500,000 SOL in restricted stock compensation, and purchasing over 400,000 SOL tokens—an accumulation valued at roughly $58 million.
The validator acquisition, a roughly $3.5 million agreement largely paid in restricted shares, was announced a day before the company disclosed its additional SOL purchase.
Owning a validator gives DeFi Development Corp. access to native protocol cash flows on Solana, while the token accumulation strengthens the balance sheet by increasing exposure to crypto assets.
Combined, the company now holds more than 900,000 SOL, representing nearly $130 million at current market prices.
Executives said validator infrastructure aligns the company more closely with decentralized protocols and adds recurring revenue through staking rewards. They also view the position as a strategic hedge against future volatility in traditional capital markets.
Stock split to expand access
Shareholders of record as of May 19 will receive six additional shares for each share they hold, resulting in a seven-for-one split.
Although the split will raise the number of outstanding shares to more than 14 million, the company confirmed that its authorized share capital will not change.
While a stock split does not alter a company’s market capitalization, it is commonly used to increase trading volume and attract greater retail investor interest.