DeFi Development Grows SOL Holdings 12% as CHAD Preferred Stock Hits Record Highs
What happened: DeFi Development Corp (DFDV) increased its Solana holdings by 22,070 SOL last week, reaching a total of 2.
What happened: DeFi Development Corp (DFDV) increased its Solana holdings by 22,070 SOL last week, reaching a total of 2.59 million SOL—a 12% rise since August. Meanwhile, its Nasdaq-listed CHAD preferred stock hit record highs, offering a 13% annual dividend, even as DFDV’s common shares fell 21% week-over-week amid a broader SOL selloff.
Why it matters: The divergence between DFDV’s common and preferred stock highlights investor appetite for income over growth in volatile markets. The firm’s ongoing accumulation of SOL, despite price declines, signals long-term conviction but also raises questions about dilution risk from continued ATM funding. The CHAD preferred’s resilience suggests a shift in risk tolerance among crypto equity investors.