Strategy · DAN (Do Anything Now) · The Block
DeFi Development expands SOL holdings 12% as CHAD hits record highs
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Nasdaq-listed DeFi Development Corp. added approximately 22,070 SOL and SOL equivalents over the past week, bringing its total holdings to roughly 2.59 million SOL.
Key facts
- Nasdaq-listed DeFi Development Corp. added approximately 22,070 SOL and SOL equivalents over the past week, bringing its total holdings to roughly 2.59 million SOL
- CHAD reaching new highs and approaching $10.00 even as SOL pulled back is an encouraging sign that investors are recognizing its distinct income proposition," said Chief Strategy Officer Dan Kang
- DFDV shares fell 2.2% in Monday's trading session and about 21% over the past week
- The Solana treasury company also said its Nasdaq-listed variable-rate perpetual preferred stock, CHAD, reached record trading highs during the week ended Oct. 9 despite a broader crypto market selloff
Summary
The Solana treasury company also said its Nasdaq-listed variable-rate perpetual preferred stock, CHAD, reached record trading highs during the week ended Oct. 9 despite a broader crypto market selloff. "Short-term volatility has not changed our conviction or our commitment to accumulating SOL," CEO Joseph Onorati said in a release. "These developments point toward a much larger role for Solana in global finance, and we intend to keep accumulating and compounding SOL ahead of that opportunity," said Onorati. Last week, DeFi Development authorized a program to repurchase up to all outstanding shares of CHAD.