DeFi Development Corp Expands Solana Treasury With 22,070 SOL

Nasdaq-listed digital asset treasury firm DeFi Development Corp added about 22,070 Solana tokens and equivalents to its holdings last week, according to a press release published Monday by Decrypt.

The purchase lifts the company's total treasury to roughly 2,586,282 SOL, representing a 12% increase since August 12. Valued at approximately $287 million with Solana trading near $111, the accumulation comes as the firm's weekly token purchases continue to shrink. Previous weekly buys stood at 101,381 SOL in mid-September, followed by 47,706 and 26,202 tokens in subsequent weeks.

CHAD Preferred Stock Performance

To fund its cryptocurrency purchases, the company utilizes a $300 million at-the-market program selling new CHAD perpetual preferred shares. The stock pays a variable 13% annual dividend on a $10 stated amount and hit record highs in the week ended October 9, approaching $10 after pricing its initial public offering at $8 in September.

Chief Strategy Officer Dan Kang noted that the stock's rise during a Solana pullback indicates investor demand for its income proposition. Last week, the company authorized buybacks whenever CHAD trades below its $10 par value.

Market Position and Valuation

DeFi Development Corp, formerly a real estate software firm named Janover before pivoting to a Solana strategy in April 2025, traded its common stock near $4.41 on Monday. This gives the firm a market value of roughly $144 million against its $287 million SOL treasury, though the company also carries debt.

Key facts

• DeFi Development Corp added 22,070 SOL last week, bringing its total treasury to roughly 2,586,282 tokens.
• Weekly purchases have decreased over recent weeks, down from 101,381 SOL in mid-September.
• The company's CHAD perpetual preferred stock pays a 13% annual dividend on a $10 stated amount.
• DFDV common stock traded near $4.41 on Monday, resulting in a market value of about $144 million.