Solana Treasury Firm DeFi Dev Corp Rolls Out $300M CHAD to Buy More SOL

In brief

• DeFi Development Corp's SOL treasury grew by 55,491 tokens to approximately 2,388,923 SOL and SOL equivalents, a roughly 2% increase since August 27.
• The company established a $300 million at-the-market program for its CHAD preferred stock.
• DFDV said SOL has outperformed the Nasdaq-100 by 39% quarter-to-date, while its own shares have outperformed SOL by 2x over that same stretch.

Solana treasury company DeFi Development Corp. added 55,491 SOL, worth roughly $5.78 million, to its balance sheet, pushing its treasury to roughly 2,388,923 SOL and SOL equivalents.

The Nasdaq-listed company disclosed the purchase Monday alongside a new $300 million at-the-market program for its Variable Rate Series C Perpetual Preferred Stock, ticker CHAD. The combined moves extend a fast-moving stretch of capital markets activity that started in late August.

The new treasury figure represents a roughly 2% gain since August 27, when DeFi Development Corp’s holdings stood near 2.33 million SOL. The company, which trades as DFDV on the Nasdaq, calls itself the first U.S. public company built around a Solana accumulation strategy. It runs its own validator infrastructure alongside the treasury, earning staking rewards on top of price exposure to SOL.