Solana Treasury Firm DeFi Development Keeps Buying SOL as CHAD Preferred Stock Hits Record

In brief

• DeFi Development Corp added about 22,070 SOL and SOL equivalents last week, lifting its treasury to roughly 2,586,282 tokens, up 12% since August 12.
• Its CHAD perpetual preferred stock, which pays a 13% annual dividend on a $10 stated amount, hit record highs in the week ended October 9 and is approaching $10 after an IPO priced at $8.
• DFDV common stock traded near $4.41 on Monday, giving the company a market value of about $144 million against roughly $287 million worth of SOL.

DeFi Development Corp, the Nasdaq-listed Solana piggy bank, added about 22,070 SOL—worth about $2,373,211—and “SOL equivalents” to its treasury last week, according to a press release published Monday.

That brings its stash to roughly 2,586,282 tokens, worth about $287 million with SOL near $111. Weekly buys keep shrinking, from 101,381 SOL in mid-September (around $11.4 million) to 47,706 ($5.8 million), then 26,202 ($3.1 million).

DFDV is a digital asset treasury company, a public firm that holds a cryptocurrency so stock investors can bet on it without opening a crypto account. It was a real estate software firm called Janover until April 2025, when it pivoted to Solana and copied Strategy’s Bitcoin playbook.