Solana Treasury Firm DeFi Development Keeps Buying SOL as CHAD Preferred Stock Hits Record
Summary
DeFi Development Corp added about 22,070 SOL and related assets last week, bringing its treasury to roughly 2.59 million SOL, valued near $287 million. Its weekly purchases have declined since September. The company says its CHAD preferred shares, which pay a variable 13% annual dividend, help finance further SOL accumulation; it has also approved buybacks if CHAD trades below its $10 stated value. However, SOL recently fell about 9% in a week, and DFDV shares trade near half the value of its SOL holdings, alongside debt. The company warns staking income may not cover CHAD dividends, while its common stock and treasury strategy face pressure in the downturn.
