DeFi Development Corp increases Solana holdings to 2.39 million SOL and institutes $300 million CHAD ATM

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Nasdaq-listed DeFi Development Corp. revealed that its Solana (SOL) reserves have increased by 55,491 SOL to approximately 2.39 million SOL along with equivalent assets, representing about a 2% rise since August 27 while it persists in gathering the digital asset and producing organic returns.

The Solana treasury enterprise additionally created a $300 million at-the-market program directed at its CHAD perpetual preferred shares, where equities will be offered at or exceeding their $10 par value with funds primarily dedicated to purchasing additional SOL. CHAD functions as a Variable Rate Series C perpetual preferred stock featuring an initial dividend rate of 13% annually.

DeFi Development Corp. (DFDV) noted that this fresh funding capability will broaden its capital flywheel strategy, which encompasses raising capital, amassing SOL, yielding returns, and elevating the amount of SOL per share.

“We are growing our SOL treasury…with DFDV returning twice as much as SOL quarter-to-date,” CEO Joseph Onorati shared in a statement. “With a $300 million ATM now in place, we have the structure to scale CHAD into a meaningful new engine of growth—and we intend to issue at or above $10.00 par. The flywheel is spinning, and we now have more capacity to put it to work.”

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DeFi Development Corp. recently restarted routine acquisitions of SOL and commands the second-biggest Solana treasury following Forward Industries (FWDI).

Also in the previous month, DeFi Development Corp. released a public live data and analytics platform monitoring market, staking, validator, yield, and ecosystem statistics concerning the Solana network.

Significantly, the primary Solana ETF in the market reached a milestone by achieving $1 billion in assets under management, while SOL’s valuation has climbed throughout the past month.

Originally published at https://www.theblock.co/news/markets/2026-09-14-defi-development-corp-expands-solana-treasury-2-39-million-sol-sets-300-million-chad-atm-414633.