Nasdaq-listed Solana treasury company DeFi Development Corp (DFDV) has just executed its latest crypto purchase. The firm acquired 55,491 SOL worth $5.78 million on the open market, bringing its total treasury reserve to 2,388,923 SOL.
The additional purchase marks a 2% increase in reserve volume since August 27, 2026. According to last month’s records, the institutional treasury held 2.33 million SOL prior to conducting a series of follow-up acquisitions.
A New Funding Pipeline from Wall Street
To support its ongoing asset purchases, DFDV launched an at-the-market (ATM) program with a $300 million funding cap. This capital offering utilizes Series C perpetual preferred stock traded under the ticker CHAD. The entire sales process has been assigned to sole agent R.F. Lafferty & Co.
Net proceeds from CHAD stock sales are allocated to acquire SOL supply from the market. The preferred share class issuance allows the company to raise millions of additional dollars without diluting common shareholders’ equity.
As a value safeguard for buyers, DFDV established a price floor in its offering documents. The company is fully committed to issuing CHAD shares only at a minimum price of $10.00, keeping its price at or above its par value.
A Dual-Action Accumulation Cycle
This fresh capital-raising plan continues the fundraising momentum that began earlier this month. When CHAD stock initially launched on September 8, 2026, DFDV raised an initial $11 million - a round that also attracted participation from Tom Lee of research firm Fundstrat.
The accumulated crypto stockpile is not left idle. The company operates independent validator infrastructure alongside its treasury. This management strategy allows DFDV to regularly earn yields from Solana network staking activities, a source of passive income beyond the potential asset price appreciation.
By combining a traditional exchange entity with blockchain infrastructure, DFDV has created a hybrid investment avenue. Retail investors can gain exposure to SOL price appreciation while also capturing network staking yields simply by purchasing shares on a traditional exchange.
Reported by Decrypt.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
