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DeFi Development Corp. boosts Solana treasury and launches $300M preferred stock sale program

Protocol Fundamentals
15 Sep 2026
Crypto Daily
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Bullish
DeFi Development Corp. boosts Solana treasury and launches $300M preferred stock sale program

DeFi Development Corp. increased its Solana (SOL) holdings by 55,491 tokens, bringing its total treasury to nearly 2.39 million SOL and equivalents, about 2% higher than at the end of August. The company also initiated an at-the-market (ATM) program to sell up to $300 million of its CHAD preferred stock over time, aiming to fund further SOL purchases. This ATM program does not guarantee immediate fundraising but provides a flexible funding source for future acquisitions. The preferred stock carries a 13% annual dividend and is intended to be sold at or above its $10 par value, supporting DeFi Development's strategy to expand its Solana-focused assets.

DeFi Development Corp's recent moves in Solana and CHAD stock come amid a mixed cryptocurrency market on Pluang. As of Sep 15, 2026 14:02 WIB, 18 of 50 major cryptocurrencies rose while 31 fell. Notably, EOS gained 8.13% to Rp12.649 and Filecoin dropped 10.12% to Rp15.708, with VeChain down 6.23% to Rp133.

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