Solana Treasury firm DeFi Development Corp launches $300M CHAD token offering to accumulate additional SOL.
DeFi & Yields ·
DeFi Development Corp expanded its Solana holdings by 55,491 SOL and launched a $300 million at-the-market offering of its CHAD preferred stock, with net proceeds designated primarily for further SOL acquisitions. The treasury now stands at approximately 2,388,923 SOL and SOL equivalents, representing roughly 2% growth since late August. The at-the-market program allows the Nasdaq-listed company to issue up to $300 million in CHAD shares through a broker-dealer, contingent on market conditions and investor demand, with a stated minimum issuance price of $10.00 per share.