DeFi Development Corp., a publicly traded firm that pivoted into the crypto space, announced it will execute a 7-for-1 stock split effective May 20. This decision follows a dramatic share price increase of over 1,700% linked to its holdings in the Solana ecosystem, rising from under $4 to over $70 in just one month. With the split, existing shareholders will receive six additional shares for each share they own, raising the total number of outstanding shares from approximately 2 million to over 14 million. The company's authorized share count will not change. The firm has made significant investments in Solana, holding $58 million worth, while also acquiring a validator business with a delegated stake. The stock split aims to increase liquidity and make the shares more accessible to a broader range of investors as the company emphasizes its commitment to scaling its crypto operations.

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