Crypto news report · source clearly identified
DeFi Development closes $11 million CHAD offering to expand Solana treasury
DeFi Development Corp. has closed an $11 million CHAD offering aimed at growing its Solana treasury. The Variable Rate Series C perpetual preferred stock has an initial annual dividend rate of 13%.
DeFi Development Corp. has closed an $11 million CHAD offering intended to grow its Solana treasury.
CHAD terms
CHAD is a Variable Rate Series C perpetual preferred stock. The transaction was characterized as Strategy-style.
Initial dividend
CHAD carries an initial annual dividend rate of 13%.
Treasury purpose
The stated purpose of the offering is to expand DeFi Development Corp.'s Solana treasury.
category_slug altcoins content_html excerpt key_facts mentioned_assets titleDeFi Development Corp. has closed an $11 million CHAD offering intended to grow its Solana treasury.
CHAD terms
CHAD is a Variable Rate Series C perpetual preferred stock. The transaction was characterized as Strategy-style.
Initial dividend
CHAD carries an initial annual dividend rate of 13%.
Treasury purpose
The stated purpose of the offering is to expand DeFi Development Corp.'s Solana treasury.
Source & attribution
News Source
- Publisher
- The Block
- Original date
- September 8, 2026, 6:33 PM
- Original headline
- DeFi Development closes Strategy-style $11 million CHAD offering to grow Solana treasury