DeFi Development Corp Expands Solana Treasury to 2.39 Million SOL, Establishes $300M CHAD ATM Program

DeFi Development Corp has announced it has expanded its Solana (SOL) treasury holdings by approximately 55,491 SOL to a total of around 2.39 million SOL and equivalents, an increase of roughly 2% since August 27.

The company's treasury now represents the second-largest Solana holding among public companies, trailing only Forward Industries.

DeFi Development Corp generates yield on its SOL holdings through staking and operating its own validator infrastructure, which earns it staking rewards and fees from delegated stake.

The company has also established a $300 million at-the-market (ATM) equity program for its CHAD preferred stock, allowing it to sell up to $300 million of shares over time subject to market conditions, investor demand, and capital needs.