DeFi Development

DeFi Development increased its Solana holdings by 55,491 SOL to about 2.39 million SOL and SOL equivalents, a roughly 2% rise since August 27 after resuming regular purchases. The company is now the second-largest public holder of Solana and continues to generate yield from its holdings. It established a $300 million at-the-market offering for Variable Rate Series C perpetual preferred stock with an initial 13% annual dividend, planning to issue at or above $10 par and use most proceeds to buy additional SOL. The firm also launched a public platform for Solana network metrics as institutional interest in Solana grows. » More on finance.yahoo.com

DeFi Development completed a public placement of perpetual Series C preferred shares (ticker CHAD) at $8.00 per share with a par value of $10.00, raising roughly $11 million gross. The share certificates carry an initial annual dividend rate of 13.0% (effective yield ~16.25% on the offering price) and pay cumulative dividends; the shares are non-convertible. Net proceeds are intended essentially for the acquisition of additional Solana (SOL); the company expects the transaction to be accretive to SOL holdings per share. R.F. Lafferty & Co. acted as sole bookrunner, investors include Thomas Lee, and DeFi Development pursues a treasury strategy focused on SOL as well as the operation of validator infrastructure. » More on de.investing.com

DeFi Development intends to issue perpetual, variable-rate Series C preferred shares totaling up to $20 million with a 30-day overallotment option of up to 15%. The shares have a $10 par value and pay cumulative dividends; the initial annual rate is 13.00% and the first regular payment is scheduled for October 1, 2026. At closing the company plans to establish a reserve for the first 12 months of dividends and to use the net proceeds for general corporate purposes, including working capital, the acquisition of Solana and other digital investments. R.F. Lafferty & Co. will act as sole bookrunner; the offering is being made under an S-3 registration effective April 27, 2026 and is subject to market conditions. » More on de.investing.com