U.S. Treasury · DAN (Do Anything Now) · Strategy · Decrypt
CHAD, the company’s perpetual preferred stock, hit all-time highs in the week ended October 9 and is approaching $10
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“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 Dan Kang, Chief Strategy Officer.
Key facts
- That brings its stash to roughly 2,586,282 tokens, worth about $287 million with SOL near $111
- SOL fell about 9% over seven days, and nearly $1 billion in long positions, or bets that prices would rise, were liquidated in 24 hours
- DFDV’s common stock traded near $4.41 on Monday, a market value of about $140 million —roughly half the value of its SOL, though it also carries debt
- A 13% dividend looks generous, but CHAD is backed by a company whose main asset trades about 62% below its January 2025 peak of roughly $295
Summary
DeFi Development Corp added about 22,070 SOL and SOL equivalents last week, lifting its treasury to roughly 2,586,282 tokens, up 12% since August 12. Its CHAD perpetual preferred stock, which pays a 13% annual dividend on a $10 stated amount, hit record highs in the week ended October 9 and is approaching $10 after an IPO priced at $8. DFDV common stock traded near $4.41 on Monday, giving the company a market value of about $144 million against roughly $287 million worth of SOL. DeFi Development Corp, the Nasdaq-listed Solana piggy bank, added about 22,070 SOL—worth about $2,373,211—and “SOL equivalents” to its treasury last week, according to a press release published Monday. That brings its stash to roughly 2,586,282 tokens, worth about $287 million with SOL near $111.