DeFi Development buys 55,491 SOL, launches $300 million CHAD offering

  • DeFi Development Corp. bought 55,491 SOL and launched a CHAD share offering.
  • $300 million is the maximum size of the CHAD at-the-market program.
  • SOL outperformed the Nasdaq 100 by 39% this quarter, while DFDV performed twice as well.

DeFi Development Corp. (Nasdaq: DFDV) purchased 55,491 SOL, lifting its holdings of SOL and SOL equivalents to about 2.3889 million, roughly 2% above the level recorded on Aug. 27, 2026. The company also established an at-the-market offering of up to $300 million for CHAD, its C-series perpetual preferred stock. Proceeds are expected to be used mainly to acquire additional SOL. Since the start of the quarter, SOL has outperformed the Nasdaq 100 by 39%, while DFDV has delivered twice SOL's performance. CEO Joseph Onorati said the offering provides the structural foundation to develop CHAD into a new growth engine, with the issue price set at no less than $10 per share in par value.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.
DeFi Development buys 55,491 SOL, launches $300 million CHAD offering - CoinPost Terminal