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DeFi Development (DSDV) investor relations material
DeFi Development X Spaces Event: November 2025 Business Recap & AMA summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Key business and financial highlights
Reported $4.6 million in Q3 revenue, 11.4% organic SOL yield, and $74 million in unrealized profits.
Management purchased shares, signaling long-term conviction after a sector drawdown.
Launched a preferred stock offering (CHAD) and began public trading of the DFDVW warrant.
Hosted Solana Investor Day with over 100 institutional participants.
Promoted Pete Humiston to Chief Marketing Officer.
Market and sector commentary
DAT sector experienced significant NAV multiple compression due to rotation from crypto to equities.
Investor expectations for DATs have shifted, requiring differentiated strategies beyond simple crypto accumulation.
Organic yield and unique accumulation engines are seen as key differentiators.
Capital strategy and financing
Preferred stock (CHAD) offers long-duration, tax-advantaged financing, modeled after MicroStrategy's approach.
Capital deployment will be flexible: buybacks if trading at a discount, SOL purchases at a premium, and opportunistic stablecoin yield strategies.
Warrant dividend (DFDVW) issued to reward shareholders and distribute embedded volatility.
Next DeFi Development earnings date
Next DeFi Development earnings date
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