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BOCA RATON, FL - DeFi Development Corp. (NASDAQ:DFDV), a $445.63 million market cap company whose stock has surged over 2,400% year-to-date according to InvestingPro data, announced on Thursday that weekly options on its stock are now available for trading on the Chicago Board Options Exchange (CBOE), expanding investment tools beyond the existing monthly options.
The new weekly options will allow investors with eligible brokerage accounts to execute shorter-term strategies related to DFDV stock, which provides exposure to Solana (SOL) cryptocurrency through the company’s treasury holdings.
"Getting weekly options live is an important milestone for DFDV," said Parker White, CIO & COO of DeFi Development Corp. "It gives investors a new way to interact with our stock and adds derivative tools for shorter-term strategies."
The company describes itself as the first U.S. public company with a treasury strategy built around accumulating and compounding Solana. DFDV holds and stakes SOL while operating validator infrastructure that generates staking rewards and fees from delegated stake.
The weekly options complement existing monthly contracts by offering more frequent execution opportunities for directional trades, hedges, and income strategies. Details about option series, strike ranges, and expiration cycles are available through brokerage platforms and CBOE’s public listings.
DeFi Development Corp. stated in its press release that it continues to explore opportunities in decentralized finance while supporting the Solana ecosystem’s expansion.
In other recent news, DeFi Development Corp. announced the distribution of a special dividend in the form of warrants to shareholders, with each stockholder receiving one warrant for every ten shares of common stock held. The company expects to issue approximately 3.3 million warrants based on current outstanding shares and convertible notes. Additionally, DeFi Development Corp. has expanded its stock repurchase program significantly, increasing the buyback capacity from $1 million to $100 million, enabling the company to repurchase shares on the open market.
In a strategic move, Dan Kang has been promoted to Chief Strategy Officer, where he will oversee global strategy and corporate development, while continuing to lead investor relations. DeFi Development Corp. also plans to establish a Solana Digital Asset Treasury in Korea through the acquisition of a publicly listed Korean company, marking a significant international expansion. This initiative will be spearheaded by a management team from Fragmetric. Furthermore, the company has launched a Treasury Accelerator program, intending to deploy its balance sheet into Digital Asset Treasuries, with planned investments ranging from $5 million to $75 million per vehicle.
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