Solana Treasury Firm DeFi Development Keeps Buying SOL as CHAD Preferred Stock Hits Record

What happened: DeFi Development Corp added about 22,070 SOL and SOL equivalents last week, lifting its treasury to roughly 2,586,282 tokens. Its CHAD perpetual preferred stock hit record highs and is approaching $10. Key numbers: Treasury up 12% since August 12. CHAD pays 13% annually on a $10 stated amount, IPO priced at $8. Why it matters: CHAD near $10 lets DFDV fund SOL buys through its $300 million at-the-market program without issuing common shares. The release warns staking rewards may not cover dividends, and DFDV trades below its SOL holdings. Coverage: 3 outlets in 24h

DeFi Development Corp added about 22,070 SOL and SOL equivalents last week, lifting its treasury to roughly 2,586,282 tokens. Its CHAD perpetual preferred stock hit record highs and is approaching $10.

CHAD near $10 lets DFDV fund SOL buys through its $300 million at-the-market program without issuing common shares. The release warns staking rewards may not cover dividends, and DFDV trades below its SOL holdings.