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0.000638162093171765 0.000638162093171765 -0.00319081046585826 0.00510529674537333 0.00127632418634342 -0.0127632418634333 -0.021059349074665 -0.021059349074665
Stock impact report

Solana Whale DeFi Development Unleashes Massive $100M Stock Buyback – More SOL Buys? [Yahoo! Finance]

DeFi Development Corp. (DFDV) 
Company Research Source: Yahoo! Finance
expanded its share repurchase program to $100 million, marking one of the largest stock buyback initiatives in the digital asset sector. The company announced on Wednesday that its Board of Directors had approved an increase to the authorization from its initial $1 million, allowing management to buy back common stock on the open market under Rule 10b-18 of the Securities Exchange Act of 1934. The authorization provides flexibility to repurchase up to $100 million, with an initial $10 million threshold requiring management to notify the board before proceeding with further purchases. Repurchased shares will either be retired and returned to authorized but unissued status or held as treasury stock. DeFi Development Balances Buybacks and Solana Accumulation in Bold Dual Strategy According to the filing, the timing, method, and amount of repurchases will be determined by management based on market conditions and regulatory requirements. The company emphasized that the program Show less Read more
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