Overview

• The board expanded the open‑market repurchase program from $1 million to up to $100 million under Rule 10b‑18, with purchases at management’s discretion.
• The plan includes an initial $10 million threshold that triggers a board update, and repurchased shares may be retired or held as treasury stock.
• DFDV shares rose roughly 4% on the day after spiking as much as 6% following the announcement, according to market reporting.
• The company holds 2,095,748 SOL and is trading below the value of its SOL treasury, resulting in an mNAV under 1, according to Decrypt’s analysis.
• Management says it will weigh buybacks against additional SOL purchases to maximize Solana‑per‑share, while continuing alternative financing after withdrawing an SEC S‑3 registration earlier this year.