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DeFi Development Corp boosts Solana treasury by 12%, CHAD preferred stock nears $10 with 13% dividend

Protocol Fundamentals
12 Oct 2026
Decrypt
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Neutral
DeFi Development Corp boosts Solana treasury by 12%, CHAD preferred stock nears $10 with 13% dividend

DeFi Development Corp increased its Solana (SOL) holdings by about 22,070 tokens last week, raising its treasury to approximately 2.59 million tokens worth around $287 million. Its CHAD perpetual preferred stock, which pays a 13% annual dividend on a $10 stated value, reached record highs near $10, up from an $8 IPO price. The company funds SOL purchases through gradual sales of CHAD shares, and despite recent SOL price drops, remains committed to accumulating more tokens. CHAD shares offer daily income and support growth without diluting common stock, but risks remain as SOL trades significantly below its peak and staking rewards may not fully cover dividends.

Solana (SOL) trades at Rp1.921.881 on Pluang as of Oct 13, 2026 02:22 WIB, down 3.22% in the last day. The market shows a strong buy interest with 68% of orders favoring purchases. SOL's circulating supply is 589.1 million tokens, reflecting a large market cap of Rp1.135,6 trillion.

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