PANews reported on May 8 that according to The Block, the board of directors of DeFi Development Corp. (NASDAQ: DFDV), which has transformed into a Solana-focused company, approved a 7-for-1 stock split, increasing the outstanding shares from approximately 2 million to 14 million shares, which will be distributed proportionally on May 19 and are expected to start trading at the new price on May 20. The move is aimed at improving liquidity and expanding the investor base. The company has recently purchased 82,404 SOLs, with a total holding of 400,000 .