Added to YB: 2026-09-02
Pitch date: 2026-08-28
DFDV [bearish]
DeFi Development Corp.
-4.88%
current return
Author Info
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Company Info
DeFi Development Corp. focuses on building its treasury around Solana (SOL). SOL is a blockchain infrastructure platform.
Market Cap
$154.4M
Pitch Price
$4.92
Price Target
2.30 (-57%)
Dividend
N/A
EV/EBITDA
-2.09
P/E
-0.64
EV/Sales
17.80
Sector
Consumer Finance
Category
value
DeFi Development Corp. (DFDV): Three Dollars of Air on Every Share
DFDV (short): DeFi Development is a levered Solana treasury vehicle trading at $5.28, or 3.44x estimated NAV of $1.54, despite $215M of liabilities against a $246.9M SOL treasury and only $4.3M of cash. The $2.30 target assumes 1.5x NAV with SOL unchanged; a 19% SOL decline wipes out estimated net assets, while the rally makes its 99%-unused $200M ATM usable. Size below normal because 40.3% short interest creates severe squeeze risk.
Read full article (7 min)