Nasdaq-traded DeFi Development Corp. acquired about 22,070 SOL along with equivalent assets within the past week, elevating its aggregate reserves to approximately 2.59 million SOL. The firm disclosed on Monday that this represents a 12% increase since its August 12 financial results.
The Solana reserve enterprise additionally reported that its variable-rate perpetual preferred stock listed on Nasdaq, known as CHAD, attained all-time trading peaks during the week concluding October 9, notwithstanding a wider digital asset market correction. CHAD presently maintains a 13% yearly dividend yield, distributed upon formal declaration.
Chief Executive Officer Joseph Onorati stated in a statement that temporary price fluctuations have not altered their belief or dedication to gathering SOL. He mentioned that tokenized shares are producing billions in trade volume on Solana, specifically highlighting Samsung’s recent disclosure regarding the integration of stablecoin features for 82 million American Galaxy units.
Onorati added that these advancements signal an expanded function for Solana in worldwide monetary systems, and the firm plans to continuously gather and compound SOL prior to that market expansion.
Previously, DeFi Development approved an initiative to buy back all circulating units of CHAD. This grants the organization the capacity to purchase the instruments back if their market value drops under the $10 face value.
Chief Strategy Officer Dan Kang noted that seeing CHAD achieve new highs and edge closer to $10.00 while SOL experienced a correction is a promising indicator that market participants appreciate its unique yield offering. Kang explained that CHAD was developed to satisfy the appetite for yield backed by an active SOL reserve, and its latest market activity proves how its valuation movements can diverge from SOL itself.
DFDV equity values dropped 2.2% during Monday’s market session and roughly 21% throughout the preceding week.
Originally published at https://www.theblock.co/news/business/2026-10-12-defi-development-sol-holdings-2-59-million-chad-418307.
