Share count will increase from 2 million to 14 million. Firm rebranded from Janover Inc., now trades as DFDV. Acquired validator business with 500,000 SOL stake.

DeFi Development Corp., formerly known as Janover Inc., is executing a 7-for-1 stock split on May 20, expanding its outstanding shares from 2 million to over 14 million.

The move follows a dramatic pivot into the Solana blockchain, which has triggered a staggering 1,700% rally in its share price over just one month.

The company, now trading under the ticker DFDV on Nasdaq, has rebranded and restructured its business model around crypto infrastructure.

It says the split will improve liquidity and make its shares more accessible to investors as it scales its decentralised operations across the blockchain sector and validator economy.

The Florida-based real estate software firm entered the digital asset space in April with a treasury strategy focused on long-term Solana accumulation.

Shortly after, it rebranded to DeFi Development Corp. to signal a permanent shift toward blockchain assets and operations.

The firm’s Nasdaq-listed shares, which had traded modestly under Janover, exploded in value following this announcement.

Although DFDV fell 3% on Wednesday to close at $79.31, the pullback came after a surge that saw its share price soar more than 1,700% in a matter of weeks.

The company stated on X that the split is designed to enhance liquidity and broaden accessibility for investors interested in decentralised infrastructure projects.

Its recent performance has drawn considerable attention from both institutional and retail market participants.

DeFi Dev Corp. has strengthened its Solana focus through two major steps: acquiring a validator business with 500,000 SOL in delegated stake, and purchasing over 400,000 SOL tokens, valued at around $58 million.

The $3.5 million validator deal, paid largely in restricted stock, was announced one day before the company disclosed the additional SOL purchase.

The validator acquisition gives DeFi Dev Corp. access to native cash flow within the Solana protocol, while the token accumulation solidifies its balance sheet as heavily weighted toward crypto assets.

Combined, the company now holds more than 900,000 SOL, worth close to $130 million at current market rates.

Executives noted that the validator infrastructure deepens the company’s alignment with decentralised protocols and adds recurring revenue through staking rewards. It also serves as a strategic hedge against future volatility in traditional capital markets.

Shareholders of record as of May 19 will receive six additional shares for each one they hold.

While the split increases the number of shares in circulation to over 14 million, the company confirmed its authorised share capital remains unchanged.

Although the stock split does not affect the company’s market cap, it is often used to increase trading volume and attract retail interest.

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