DeFi Development Increases Holdings of 55,491 SOL, Establishes $300 Million Preferred Stock Plan

Solana treasury company DeFi Development Corp. (Nasdaq: DFDV) has increased its total holdings of SOL by 55,491 since August 27, currently holding approximately 2.3889 million SOL and SOL equivalents, representing an increase of about 2%. The company announced the establishment of a variable rate C series perpetual preferred stock (Nasdaq: CHAD) ATM plan with a cap of $300 million, with R.F. Lafferty & Co. serving as the exclusive sales agent. The issuance price is expected to be no less than $10 per share, and the net proceeds will primarily be used to increase SOL holdings. The company stated that the establishment of the CHAD ATM plan does not represent an immediate initiation of financing, and the company has no obligation to sell any shares.

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