- DeFi Development Corp added 22,070 SOL (~$2.37M) to its treasury last week, bringing its total holdings to roughly 2.59 million SOL worth about $287 million.
- The company’s CHAD preferred stock hit record highs and is approaching its $10 par value after a September IPO at $8, buoyed by a 13% annual dividend.
- Despite the accumulation, DFDV’s common stock market cap ($144M) trails the value of its SOL stack, and SOL itself remains 62% below its January 2025 peak.
Nasdaq-listed DeFi Development Corp purchased roughly 22,070 SOL last week, according to a Monday press release, growing its treasury to approximately 2.59 million tokens worth nearly $287 million. The purchases, valued at roughly $2.37 million, represent a continued slowdown from prior weeks, with weekly accumulated SOL steadily declining from 101,381 tokens in mid-September.
DeFi Development Corp’s CHAD perpetual preferred stock hit record highs in the week ended October 9 and is approaching its $10 par value. CHAD pays a 13% annual dividend on its $10 stated amount, having priced its IPO at $8 in September. “CHAD reaching new highs and approaching $10.00 even as SOL pulled back is an encouraging sign that investors are recognizing its distinct income proposition,” said Chief Strategy Officer Dan Kang. CEO Joseph Onorati added that “Short-term volatility has not changed our conviction or our commitment to accumulating SOL.”
DFDV’s common stock traded near $4.41 on Monday, giving it a market value of about $144 million, which is roughly half the value of its SOL treasury. SOL fell roughly 9% over the past seven days as nearly $1 billion in long positions were liquidated, and the token trades about 62% below its January 2025 peak of roughly $295. The company’s press release warns that staking rewards may not be sufficient to cover dividend payments, though CHAD holders will continue collecting $0.00516 per share each business day through October 30.
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