DeFi Development UK shares edge up after Cykel AI reset; warrant hangover lingers
DeFi Development Corporation UK PLC shares were up in London Wednesday, climbing 13.9%. But with a market cap still hovering just past the level of January’s cash holdings and under last year’s initial warrant deal, the move was more about the scale of those numbers than the day’s percent gain. Trading remains thin. By 15:40 BST, about £37,000 worth of stock had crossed at a delayed price of 26.20p. The spread held at 4p, with a 25p bid and 29p offer, or around 14.8% of the 27p mid. Shares are still down 89.5% year-on-year, Investors Chronicle data showed.