DFDV Expands SOL Treasury to 2.389 Million SOL and Establishes a $300 Million CHAD ATM

TechFlow reports that on September 14, per an official announcement from DeFi Development Corp., Nasdaq-listed DFDV disclosed its SOL treasury holdings have risen to approximately 2.389 million SOL (an increase of roughly 55,000 SOL from August 27, reflecting a month-over-month gain of approximately 2%). The company simultaneously announced a $300 million At-The-Market (ATM) offering program for CHAD (Variable Rate Series C Perpetual Preferred Stock), with raised funds earmarked primarily for continued SOL purchases.

The company noted that the CHAD issue price will not fall below a par value of $10 per share, with R.F. Lafferty & Co. serving as the exclusive selling agent. Year-to-Date, SOL has outperformed the Nasdaq 100 index by 39%, and DFDV’s returns are twice that of SOL. CEO Joseph Onorati commented that establishing the CHAD ATM will further drive the company’s capital flywheel strategy of “fundraising, accumulation, yield generation, and compounding.”