DeFi Development Corp. Expands Solana Holdings, Boosts CHAD Offering

Nasdaq-listed DeFi Development Corp., which operates the Solana treasury company, has seen its SOL holdings increase by 55,491 tokens to approximately 2.39 million SOL and equivalents.

This represents a 2% growth since August 27, as the company continues to accumulate SOL and generate organic yield.

DeFi Development Corp. has also established a $300 million at-the-market offering for its CHAD perpetual preferred stock, with shares issued at or above their $10 par value and proceeds primarily used to purchase more SOL.

The new funding capacity will expand the company's 'capital flywheel' of raising capital, accumulating SOL, generating yield, and increasing SOL per share, according to CEO Joseph Onorati.