DeFi Development Corp adds 55,491 SOL and launches $300 million CHAD preferred stock program

DeFi Development Corp (DFDV) has increased its Solana (SOL) holdings by 55,491 tokens, bringing its total to approximately 2.389 million SOL. The company also announced a $300 million ATM program for Series C perpetual preferred stock under the ticker CHAD. The funds raised will be used to acquire more SOL, with R.F. Lafferty & Co. serving as the sales agent. The initial issuance of CHAD on Sept. 8 raised $11 million, with participation from Tom Lee of Fundstrat.