DeFi Development Announces Approval for $100 million Share Repurchase

DeFi Development Corp. (Nasdaq: DFDV) announced that its board of directors has approved the expansion of the company's existing share repurchase program. The authorization was increased from $1 million to up to $100 million of the company's common stock. The company noted that the repurchase authorization gives the company the flexibility to repurchase up to $100 million of common stock and sets an initial threshold of $10 million for management to update the board before executing additional purchases. All repurchased shares will be cancelled, restored to authorized but unissued status, or held as treasury stock. The timing, manner and quantity of repurchases will be determined by management based on a comprehensive assessment of market conditions and other factors.