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DeFi Development Opens a Preferred-Stock Route to Solana Treasury Growth

DeFi Development has closed a preferred-stock offering intended to support further SOL accumulation. The perpetual, variable-rate structure broadens the corporate treasury financing toolkit while introducing continuing funding obligations that matter when assessing the model’s durability.

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SOL

01

A New Financing Channel for SOL Accumulation

The Block reports that DeFi Development closed the CHAD preferred-stock offering to grow its Solana treasury. This represents a corporate funding route for acquiring SOL that does not depend solely on common-equity issuance or conventional borrowing, although the evidence does not establish how broadly other treasury companies could adopt the structure.

EvidenceThe Block: DeFi Development closes Strategy-style $11 million CHAD offering to grow Solana treasury

02

Perpetual Capital Still Carries an Ongoing Claim

CHAD is described as variable-rate perpetual preferred stock with an initially elevated dividend obligation. The absence of a maturity may provide durable capital, but the dividend claim remains relevant to the treasury strategy’s economics. Any assessment of the model should therefore distinguish the capacity to accumulate SOL from the company’s capacity to service preferred holders over time.

EvidenceThe Block: DeFi Development closes Strategy-style $11 million CHAD offering to grow Solana treasury

Evidence

Sources.

  1. DeFi Development closes Strategy-style $11 million CHAD offering to grow Solana treasuryThe Block

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