News Heat Trend
Solana treasury company DFDV increased its holdings by approximately 26,200 SOL last week, bringing its total position to over 2.56 million SOL.
According to GlobalNewswire, DeFi Development (DFDV), a Nasdaq-listed Solana treasury company, disclosed that it added approximately 26,203 SOL to its holdings last week, bringing its total position to roughly 2.5642 million SOL, valued at approximately $302 million. DFDV also revealed that its SOL and equivalent asset holdings have grown by approximately 11% since reporting its second-quarter results on August 12. Additionally, it completed the initial dividend distribution for its CHAD Variable Rate Preferred Shares on October 1. This instrument is designed to generate returns through SOL staking and validator node operations to fund dividend payments and act as a financing mechanism for further SOL accumulation.
DeFi Dev Corp adds 55,000 SOL, launches $300M CHAD preferred stock plan
According to Decrypt, Solana treasury company DeFi Development Corp (DFDV) announced the acquisition of an additional 55,491 SOL tokens (approximately $5.78 million), bringing its total SOL holdings to approximately 2.389 million, representing a roughly 2% increase from August 27. Meanwhile, the company announced the launch of a $300 million ATM program for CHAD variable-rate Series C perpetual preferred shares, with New York broker R.F. Lafferty & Co. acting as the sole sales agent, and the proceeds intended primarily to further increase SOL holdings. The company noted that issuance will only occur when the price is at or above a $10 par value per share, with no mandatory selling requirements. CHAD's first issuance was completed on September 8, raising approximately $11 million, with Fundstrat founder Tom Lee participating in the subscription. As CHAD comprises non-convertible preferred shares, any subsequent issuances will not dilute the equity of common shareholders.
DFDV Expands SOL Treasury to 2.389 Million SOL and Establishes a $300 Million CHAD ATM
According to an official announcement from DeFi Development Corp., Nasdaq-listed company DFDV announced that its total SOL treasury holdings have increased to approximately 2.389 million SOL (up by roughly 55,000 SOL from August 27, representing a month-over-month growth of approximately 2%). The company also announced a $300 million at-the-market (ATM) offering plan for CHAD (Variable Rate Series C Perpetual Preferred Stock), with proceeds primarily intended for continued SOL acquisitions. The company stated that the CHAD issuance price will not fall below the $10 par value per share, with R.F. Lafferty & Co. appointed as the exclusive sales agent. Year-to-date, SOL has outperformed the Nasdaq 100 index by 39%, while DFDV’s returns have been double that of SOL. CEO Joseph Onorati stated that the launch of the CHAD ATM will further advance the company’s “fundraising — coin accumulation — yield generation — compounding” capital flywheel strategy.
Solana treasury company DFDV increased its holdings by approximately 26,200 SOL last week, bringing its total position to over 2.56 million SOL.
According to GlobalNewswire, DeFi Development (DFDV), a Nasdaq-listed Solana treasury company, disclosed that it added approximately 26,203 SOL to its holdings last week, bringing its total position to roughly 2.5642 million SOL, valued at approximately $302 million. DFDV also revealed that its SOL and equivalent asset holdings have grown by approximately 11% since reporting its second-quarter results on August 12. Additionally, it completed the initial dividend distribution for its CHAD Variable Rate Preferred Shares on October 1. This instrument is designed to generate returns through SOL staking and validator node operations to fund dividend payments and act as a financing mechanism for further SOL accumulation.
DFDV surged over 10% to $5 on the day as DeFi Development Corp launches Solana-backed preferred stock CHAD
BitcoinTreasuries.NET posted on X stating that DFDV surged over 10% to $5 on the day. DeFi Development Corp CEO Joseph Onorati said his team had closely observed Strategy and Strive developing STRC and SATA; DeFi Development Corp's newly launched Solana-backed preferred stock CHAD draws on the experience of both.
DeFi Development Corp Completes $11 Million CHAD Preferred Stock Offering, with Fundstrat's Tom Lee Participating
Odaily News: DeFi Development Corp announced the completion of an $11 million CHAD preferred stock offering, with Fundstrat's Tom Lee participating in the subscription. The company stated that this offering marks the first digital credit instrument backed by Solana. CEO Joseph Onorati noted that Bitcoin has demonstrated a massive market demand for digital credit.
Related news
Solana treasury company DFDV added approximately 22,000 SOL last week, total holdings exceed 2.58 million
Odaily News: Nasdaq-listed Solana treasury company DeFi Development (DFDV) disclosed that it added approximately 22,070 SOL last week, bringing its total holdings to approximately 2.5862 million SOL, valued at approximately $302 million. The company stated that since announcing its second-quarter earnings on August 12, its SOL and equivalent asset reserves have grown by approximately 12%. Additionally, the recently established $300 million at-the-market offering program (CHAD ATM) will provide an additional source of funding for further expanding its SOL reserves in the future. (Globenewswire)
Solana Treasury Company DeFi Development Approves CHAD Preferred Share Buyback Plan, With No Immediate Implementation Planned
According to The Block, Nasdaq-listed Solana treasury company DeFi Development Corp. (DFDV) announced approval of an indefinite CHAD preferred share repurchase program, authorizing the company to repurchase up to all outstanding and future-issued CHAD preferred shares as needed.
Solana treasury company DFDV increased its holdings by approximately 26,200 SOL last week, bringing its total position to over 2.56 million SOL.
According to GlobalNewswire, DeFi Development (DFDV), a Nasdaq-listed Solana treasury company, disclosed that it added approximately 26,203 SOL to its holdings last week, bringing its total position to roughly 2.5642 million SOL, valued at approximately $302 million. DFDV also revealed that its SOL and equivalent asset holdings have grown by approximately 11% since reporting its second-quarter results on August 12. Additionally, it completed the initial dividend distribution for its CHAD Variable Rate Preferred Shares on October 1. This instrument is designed to generate returns through SOL staking and validator node operations to fund dividend payments and act as a financing mechanism for further SOL accumulation.
DFDV surged over 10% to $5 on the day as DeFi Development Corp launches Solana-backed preferred stock CHAD
BitcoinTreasuries.NET posted on X stating that DFDV surged over 10% to $5 on the day. DeFi Development Corp CEO Joseph Onorati said his team had closely observed Strategy and Strive developing STRC and SATA; DeFi Development Corp's newly launched Solana-backed preferred stock CHAD draws on the experience of both.
DeFi Dev Corp adds 55,000 SOL, launches $300M CHAD preferred stock plan
According to Decrypt, Solana treasury company DeFi Development Corp (DFDV) announced the acquisition of an additional 55,491 SOL tokens (approximately $5.78 million), bringing its total SOL holdings to approximately 2.389 million, representing a roughly 2% increase from August 27. Meanwhile, the company announced the launch of a $300 million ATM program for CHAD variable-rate Series C perpetual preferred shares, with New York broker R.F. Lafferty & Co. acting as the sole sales agent, and the proceeds intended primarily to further increase SOL holdings. The company noted that issuance will only occur when the price is at or above a $10 par value per share, with no mandatory selling requirements. CHAD's first issuance was completed on September 8, raising approximately $11 million, with Fundstrat founder Tom Lee participating in the subscription. As CHAD comprises non-convertible preferred shares, any subsequent issuances will not dilute the equity of common shareholders.
DFDV Expands SOL Treasury to 2.389 Million SOL and Establishes a $300 Million CHAD ATM
According to an official announcement from DeFi Development Corp., Nasdaq-listed company DFDV announced that its total SOL treasury holdings have increased to approximately 2.389 million SOL (up by roughly 55,000 SOL from August 27, representing a month-over-month growth of approximately 2%). The company also announced a $300 million at-the-market (ATM) offering plan for CHAD (Variable Rate Series C Perpetual Preferred Stock), with proceeds primarily intended for continued SOL acquisitions. The company stated that the CHAD issuance price will not fall below the $10 par value per share, with R.F. Lafferty & Co. appointed as the exclusive sales agent. Year-to-date, SOL has outperformed the Nasdaq 100 index by 39%, while DFDV’s returns have been double that of SOL. CEO Joseph Onorati stated that the launch of the CHAD ATM will further advance the company’s “fundraising — coin accumulation — yield generation — compounding” capital flywheel strategy.