Overview
- The board expanded the open‑market repurchase program from $1 million to up to $100 million under Rule 10b‑18, with an initial $10 million threshold that requires a board update before further purchases.
- Repurchased shares will be retired or held as treasury stock, and the program is discretionary with the ability to be modified, suspended, or discontinued.
- DFDV shares climbed roughly 4% to 6% intraday after the announcement, with one report citing a 5.1% gain.
- The Solana‑focused company holds about 2.10 million SOL and runs validator infrastructure to earn staking rewards and fees.
- Executives said they will weigh buybacks against additional SOL purchases based on mNAV, which Decrypt reports is below 1 as the firm’s Solana holdings exceed its market capitalization.