Add as a preferred source on GoogleDeFi Development’s CHAD Preferred Stock Sets Daily Fundraising Record
Proceeds on Nov. 11 were sufficient to buy more than 1,170 Solana (SOL). DeFi Development held 2,600,900 SOL and equivalents as of Oct. 30.
DeFi Development Corp.’s CHAD preferred stock set a daily fundraising record on Nov. 11, raising proceeds sufficient to buy more than 1,170 Solana (SOL).
CHAD is DeFi Development’s Nasdaq-listed Series C perpetual preferred stock. Its annual dividend rate had risen to 14% from 13%.
DeFi Development held 2,600,900 SOL and equivalents as of Oct. 30. The company had also added 8,881 SOL to its treasury in early November.
The company has outlined plans to use its SOL holdings for staking, validator operations and on-chain treasury infrastructure, with deployment subject to market conditions and risk controls.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.