Solana Treasury DFDV Raises Up to $20 Million with 13% Daily Dividend

DeFi Development Corp. (DFDV) has announced plans to raise up to $20 million through the sale of its new perpetual preferred stock, dubbed 'CHAD Stock'. The Nasdaq-listed Solana treasury company will pay a 13% annual dividend in daily installments, with most of the cash earmarked for buying more SOL.

The Variable Rate Series C Perpetual Preferred Stock has an initial dividend rate of 13.00% per annum and is variable, meaning it may change depending on the terms of the stock. Dividends will accrue cumulative value and pay out on each business day when declared by the board, with the first payment scheduled for October 1, 2026.

DFDV plans to establish a dividend reserve when the offering closes, setting aside $1.30 per share, which is equivalent to a full year of dividends at the 13% rate. The account will be funded from existing cash, financial instruments, or digital assets.