# DeFi Development’s CHAD Preferred Stock Sets Daily Fundraising Record By John Kim Canonical URL: https://www.tokenpost.com/news/business/55477 Published: 2026-11-12T14:07:54.000Z Updated: 2026-11-12T14:07:54.000Z Section: Business > 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. ## Links in this article - [added 8,881 SOL to its treasury in early November](https://www.tokenpost.com/news/business/53796)