DeFi Development Corp Boosts Solana Treasury to 2.39 million SOL and Launches $300 million CHAD ATM Offering

Nasdaq‑listed DeFi Development Corp. (DFDV) reported that its Solana (SOL) treasury grew by 55,491 SOL, bringing total holdings to about 2.39 million SOL and SOL equivalents—a rise of roughly 2 % since August 27. The company said the increase reflects ongoing token accumulation and organic yield generation.

New $300 million ATM Offering for CHAD Preferred Stock

DFDV established a $300 million at‑the‑market (ATM) offering for its CHAD perpetual preferred stock. Shares will be issued at or above a $10 par value, and proceeds are intended primarily for additional SOL purchases. CHAD is a Variable Rate Series C perpetual preferred stock with an initial annual dividend rate of 13 %.

Strategic Capital Flywheel

The firm described the ATM facility as expanding its “capital flywheel” – a cycle of raising capital, buying SOL, generating yield, and increasing SOL per share. CEO Joseph Onorati noted that the company is returning twice as much SOL quarter‑to‑date and now has greater capacity to scale the CHAD instrument.

Operational Highlights

• DeFi Development Corp. resumed regular SOL purchases and now holds the second‑largest Solana treasury after Forward Industries (FWDI).
• The company launched a public real‑time data and research platform that tracks Solana network metrics, including market, staking, validator, yield, and ecosystem data.
• The leading Solana ETF recently reached $1 billion in assets under management, and SOL’s price has risen over the past month.