DeFi Development Corp Adds 55,491 SOL and Launches $300 Million CHAD Program

DeFi Development Corp, the treasury firm behind Solana, announced that it has acquired an additional 55,491 SOL. The purchase coincides with the launch of a CHAD (at‑the‑market) program for the company’s preferred stock, targeting $300 million in new capital.

Capital‑raising activity

The CHAD program allows investors to buy preferred shares directly on the open market, providing flexible access to funding. This move extends a three‑week period of active capital‑market transactions for the firm.

Impact on Solana holdings

With the new acquisition, DeFi Development Corp’s Solana treasury balance rises, reinforcing its position as a major holder of the blockchain’s native token.

Market context

At the time of reporting, SOL was trading around $100.94, down 0.59% on the day.