🚨BREAKING: @CIRCLE MINTS $2,000,0000,000 ($2B) USDC ON SOLANA IN THE PAST 14 DAYS!!!🚨

$MSTR - STRATEGY SHARES FALL AS NASDAQ TIGHTENS CRYPTO RULES Strategy stocks dropped 3.5% after Nasdaq began requiring shareholder approval for new shares used to buy cryptocurrency, slowing the trend of firms turning into crypto-focused companies. Crypto-adjacent stocks also fell—Bitmine Immersion down 8.7%, SharpLink Gaming down 9%—and bitcoin slipped 2.5%. Nasdaq may delist or suspend firms that don’t comply. With federal regulators stepping back, Nasdaq is now the main enforcer of crypto-related stock rules, making regulatory delays costly for companies racing to acquire tokens.

1/ 🚨 JUST 1 $SOL TO GO... That's right, DeFi Dev Corp. now holds 999,999 $SOL on our balance sheet after raising $19M from our Equity Line. $192M of SOL stacked. Staked. Compounding. Onchain. Who is ready for us to accumulate the next 1,000,001 $SOL?!

We're doubling down on $SOL. New phase. Bigger stakes. More SPS growth. defidevcorp.beehiiv.com/p/ne…

1/ Today, we announce that we've grown our holdings by 110,466 $SOL, bringing our total balance to 1,293,562 SOL (~$209M)! 🚀 At an average purchase price of $166.61, our SOL Per Share (SPS) has risen by +47% over the past 30 days to 0.0618 SOL. 🧵

So @Permissionless is next week and the lineup is incredibly stacked. I'm looking forward to moderating this panel with @fundstrat @David_Grid @CryptoIRGuy digging into the token treasury company meta. Get your tickets before they sell out! Use code FG10 at checkout

can we get a maniacally bullish asian guy with a suit on CNBC too pls? commit whatever crime you need

Miss @TheOtherParker_'s fireside chat with @vaneck_us's very own @matthew_sigel at Solana Accelerate? Don't worry, we've got the full replay! 🙌 Hear how $DFDV came to be, lessons learned from $MSTR, & our $SOL accumulation strategy. 👇

🔔 Bringing a crypto-native treasury model to the public market. 🏦 @defidevcorp is the first U.S. public company with a treasury strategy built to accumulate and compound Solana. 👏 Honored to be your partner, $DFDV!

1/ We're back to stackin' $SOL! 🚀 Today, we're announcing that we've acquired an additional 17,760 $SOL - a symbolic nod to the U.S. Declaration of Independence, signed on July 4, 1776. 🇺🇸 This purchase marks the resumption of our $SOL accumulation strategy.

1/ Today, we're making history yet again. We're issuing forward-looking guidance, making $DFDV the 1st non-Bitcoin treasury strategy to do so. The $SOL Per Share (SPS) Targets? 🔸 0.165 SPS by June 2026 (+261% increase) 🔸 1 SPS by December 2028 (+2,088% increase)

DFDV Declares Independence from Fiat money and a broken financial system

What’s your deadlift?

GM

How is it that @MeteoraAG and @JupiterExchange both have >= revenue over the last month vs @Uniswap , despite Uniswap being on 36 different chains? People love to talk TVL, but it's not a great measure of usage and somewhat easy to game. It's similar to the CeFi fake volume games played back in 2018 to game the CMC and CG rankings. People would run around saying XYZ exchange was doing $10B volume a day, but the exchange would have almost no real users. TVL is similar. It's a vanity metric that doesn't get at what's most important, users and revenue. $SOL has the massive users and revenue lead, and the gap is widening.

The gaming narrative from 2022 was related to this broader, eternal theme of crypto: entertainment meets finance. The issue is that overly financializing games made them… less fun. People play games to have fun first and foremost, and given that they spend money on games, one could even say people enjoy losing money on games. Therefore the overwrought “TAM of gaming will lead to mass adoption” hopium of 2022 could never come to pass, because financializing games meant a laffer curve UX that has the time decay of a memecoin price chart.

Great callout, @charlesodeiiii ! Agreed, showing a SPS decline is certainly a bummer and hopefully it's a very rare occurrence. Ultimately, this is a timing issue, and we think it's important to look at SPS growth over the trailing 3M (we show 2M bc 3M would be like a bajillion % rn) and 12M rather than 1 day or even 1 week. To dig deeper, the reason it happened was as you mentioned, some of the earlier convertible bond holders from April 7th decided to convert some. You can note the updated debt number on our website as a reference. We unfortunately don't control when the note holders decide to convert, but this is something that's extremely beneficial to DFDV, because it eliminates the coupon payments (2.5%) and more importantly, eliminates the debt on the balance sheet. The drop is also a function of not deploying 100% of our cash allocated to SOL buys in one day. This is to reduce our impact on the SOL market and ultimately get better execution prices. So, be on the lookout for more buys and increasing SPS. Lastly, going forward, this should be less of an issue as the new convert was largely covered by the prepaid forward, which is effectively a share repurchase and thus keeps those shares (when converted) from entering the float.