DFDV to Raise $20M via 13% Dividend CHAD Stock to Boost SOL Purchases

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DeFi Development Corp. (DFDV) is offering CHAD Stock with a 13% annual dividend to raise up to $20 million. Funds will be used to buy more Solana (SOL) and for corporate needs. The company already holds 2.33 million SOL, including 19,000 bought at $98.14 on August 27. On-chain data shows growing interest in altcoins to watch like SOL amid bullish market moves.

TL;DR

  • DFDV plans to raise up to $20 million through CHAD Stock, a perpetual preferred security with an initial 13% annual dividend rate.
  • Most proceeds can support additional SOL purchases and other corporate uses.
  • The company already holds about 2.33 million SOL and equivalents after buying roughly 19,000 SOL at $98.14, reinforcing its strategy of expanding Solana exposure.

DeFi Development Corp. is introducingCHAD Stock as a new financing tool for its Solana-focused treasury strategy. The Nasdaq-listed company plans to offer up to 2.2 million preferred shares with a stated amount of $10 each.

DFDV Links CHAD Stock To Solana Treasury Growth

The security carries an initial 13% annual dividend rate, although payments are made on business days when declared by the board. The rate is variable and can change based on factors including market conditions, interest rates, liquidity and DFDV’s capital requirements.

Unlike conventional preferred shares with a fixed maturity structure, CHAD Stock is perpetual. DFDV also plans to establish a reserve covering the first 12 months of dividends at the initial rate, equal to $1.30 per share. The first regular payment is scheduled for October 1, 2026, subject to the company declaring the dividend and having legally available funds.

The offering could raise as much as $20 million, with proceeds available for working capital, strategic transactions, growth initiatives and additional purchases of SOL and other digital assets. R.F. Lafferty & Co. is serving as sole book-running manager and has an option to purchase up to 15% more shares.

DFDV plans to raise up to $20 million through CHAD Stock, a perpetual preferred security with an initial 13% annual dividend rate.

SOL Accumulation Remains Central To The Strategy

The announcement follows DFDV’s return to active SOL accumulation. On August 27, the company reported buying approximately 19,000 SOL at an average price of $98.14, taking its reported treasury to about 2,333,432 SOLand SOL equivalents. Part of the transaction was funded through the sale of its ZeroStack position.

DFDV has built its public-market strategy around accumulating and compounding Solana. Alongside its SOL holdings, the company uses stakingand validator infrastructure to generate additional treasury activity, giving its model exposure to both SOL price movements and on-chain yield.

CHAD Stock adds another layer to that strategy by creating a financing route separate from common equity. If proceeds are directed toward additional SOL purchases, the structure could help DFDV continue expanding its holdings while offering preferred investors a different risk and income profile.

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