DeFi Development Corp., a Nasdaq-listed firm known for holding significant Solana assets, has added 26,202 SOL to its treasury. The purchase, valued at approximately $3 million, occurred between September 28 and October 2.
The company now reports total holdings of 2,564,212 SOL and SOL equivalents, with a valuation of $302 million. This represents a 1% increase from the 2,538,010 tokens held on September 25. The firm notes that its accumulation pace has slowed compared to previous weeks.
To fund its acquisitions, the company issues preferred stock under the ticker CHAD. These shares offer a 13% annual dividend, or $1.30 per share, though the board retains the right to adjust this rate. Additionally, the firm has established a $300 million at-the-market program to sell new shares.
Previously known as the commercial real estate platform Janover, the company pivoted to its current digital asset strategy in 2025. Preliminary third-quarter estimates as of September 30 indicate that the net asset value per share has grown by more than 100% since August 12.
