DeFi Development Corp. Raises SOL Holdings by 55,491 Tokens and Sets Up $300 Million Preferred Stock ATM Plan

DeFi Development Corp. (Nasdaq: DFDV), a Solana treasury company, increased its SOL holdings by 55,491 tokens from August 27, bringing its total to about 2.3889 million SOL and SOL equivalents, an increase of about 2%. According to Foresight News, the company also announced a shelf ATM plan for variable-rate Series C perpetual preferred stock (Nasdaq: CHAD) with a cap of $300 million. R.F. Lafferty & Co. will serve as the exclusive sales agent, and the expected offering price is not less than the $10 par value per share. Net proceeds are expected to be used mainly to buy more SOL. The company said the CHAD ATM plan does not mean financing will begin immediately, and it is under no obligation to sell any shares.