DFDV Grows SOL Treasury 4% in One Week as Accumulation Accelerates

DFDV boosts its SOL treasury above 2.49 million tokens and expands CHAD-based capital access with a $300 million ATM facility.

Rhea-AI Summary

DeFi Development Corp (DFDV) reported rapid Solana (SOL) accumulation, adding about 101,381 SOL since September 14, 2026, and growing its SOL treasury by approximately 4.24% in one week.

Total holdings now stand at roughly 2,490,304 SOL and SOL equivalents, with the company indicating that more than $10 million of SOL was added over the week. Quarter-to-date, SOL has outperformed the Nasdaq-100 by 54%, and DFDV shares have outperformed SOL by about 2x over the same period.

The company also closed the underwriter’s over-allotment option in CHAD’s IPO, issuing 206,250 additional CHAD shares for approximately $1.65 million in gross proceeds. CHAD is DFDV’s Nasdaq-listed Variable Rate Series C Perpetual Preferred Stock, designed as a scalable source of perpetual capital to acquire more SOL. An at-the-market offering facility has been established for up to $300 million of CHAD, with any issuance intended at or above CHAD’s $10.00 stated amount.

Positive

• 101,381 SOL added to treasury since September 14, 2026, a 4.24% weekly increase
• Total treasury expanded to about 2,490,304 SOL and equivalents
• SOL has outperformed the Nasdaq-100 by 54% quarter-to-date
• DFDV shares have outperformed SOL by about 2x quarter-to-date
• CHAD over-allotment exercise generated about $1.65 million in additional gross proceeds
• CHAD at-the-market facility sized up to $300 million for future capital raises

Negative

• Over-allotment exercise required issuing 206,250 additional CHAD preferred shares for $1.65 million gross proceeds
• Future use of the up to $300 million CHAD ATM would involve further preferred share issuance

Market Context

On Sep 14, a related SOL treasury and CHAD ATM announcement was followed by a 2.66% 24-hour gain; th...

Analysis

On Sep 14, a related SOL treasury and CHAD ATM announcement was followed by a 2.66% 24-hour gain; this release extended the same treasury-accumulation and CHAD funding sequence with additional holdings and an over-allotment closing.

Key Figures

SOL added: 101,381 SOL Treasury holdings: 2,490,304 SOL and SOL equivalents Treasury growth: 4.24% +5 more

SOL added

101,381 SOL

Added since September 14, 2026

Treasury holdings

2,490,304 SOL and SOL equivalents

Latest treasury total

Treasury growth

4.24%

One-week growth

Weekly SOL addition

Over $10 million

SOL added in one week

CHAD ATM facility

Up to $300 million

At-the-market offering facility

Additional gross proceeds

$1.65 million

Underwriter over-allotment exercise

Additional CHAD shares

206,250 shares

Issued through the over-allotment exercise

CHAD stated amount

$10.00

ATM issuance intended at or above stated amount

Previous Crypto Reports

2 past events · Latest: Sep 14

Same Type 2 events

1. Sep 14

   Treasury and ATM

   24h Move

   +2.7%

   Expanded SOL holdings and established a $300 million CHAD ATM program

2. Sep 08

   CHAD preferred launch

   24h Move

   +2.0%

   Closed CHAD preferred offering with approximately $11 million in gross proceeds

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

over-allotment option, perpetual preferred stock, at-the-market

3 terms

over-allotment option financial

"closing of the underwriter’s exercise of its over-allotment option"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

perpetual preferred stock financial

"CHAD’s Nasdaq-listed Variable Rate Series C Perpetual Preferred Stock"

A perpetual preferred stock is a type of share that behaves like a forever-lasting, fixed-income investment: it pays regular dividends and has no set maturity date, yet it represents ownership rather than a loan. It ranks ahead of common stock for dividend payments and in liquidation, so investors treat it as a mix between a bond and an equity stake; its value depends largely on the issuer’s credit and prevailing interest rates.

at-the-market financial

"established an at-the-market (“ATM”) offering facility"

"At-the-market" is a method for companies to sell new shares of stock directly into the open market over time, rather than all at once. It allows companies to raise money gradually, similar to selling slices of a pie instead of the entire pie at once, which can help manage the sale's impact on the stock price. This approach gives investors a steady supply of shares while providing companies with flexible funding options.

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SOL accumulation accelerates, with total treasury holdings increasing over $10M week over week

Quarter-to-date, SOL has outperformed the Nasdaq-100 by 54%, and DFDV has outperformed SOL by 2x over that same period

CHAD over-allotment option closes for an additional $1.65 million in gross proceeds

Latest purchase expands treasury to 2,490,304 SOL and SOL equivalents

BOCA RATON, FL, Sept. 21, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the "Company" or "DeFi Dev Corp."), the first U.S. public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today announced that it has added approximately 101,381 SOL to its treasury since September 14, 2026, bringing total holdings to approximately 2,490,304 SOL and SOL equivalents.

The latest increase represents approximately 4.24% treasury growth in one week and reflects continued SOL purchases alongside organic treasury growth. With the recently established $300 million CHAD ATM providing an additional source of growth capital, the Company believes its SOL accumulation flywheel is continuing to gain momentum.

“We are firing on all cylinders,” said Joseph Onorati, Chief Executive Officer of DeFi Development Corp. “We added over $10 million of SOL in just one week and our stock continues to outperform SOL. With CHAD now established as an additional funding engine, we believe we are better positioned than ever to accelerate our treasury growth.”

The Company also announced the closing of the underwriter’s exercise of its over-allotment option in connection with CHAD’s initial public offering, generating approximately $1.65 million in additional gross proceeds through the issuance of 206,250 additional CHAD shares.

CHAD, DFDV’s Nasdaq-listed Variable Rate Series C Perpetual Preferred Stock, was designed to provide the Company with a scalable source of perpetual capital for acquiring additional SOL. The Company has also established an at-the-market (“ATM”) offering facility for up to $300 million of CHAD, with any issuance intended to occur at or above CHAD’s $10.00 stated amount.

Learn more about CHAD at www.defidevcorp.com/chad.

For more information, visit defidevcorp.com. To stay up to date with the latest developments and insights, subscribe to our blog.

About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer. The Company is also an AI-powered online platform that connects the commercial real estate industry by providing value-add services and software subscriptions to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage. The Company’s data and software offerings are generally offered on a subscription basis as software as a service.

Forward Looking StatementsThis press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include, but are not limited to, statements regarding the anticipated issuance price of shares under the ATM program, the intended use of proceeds, and the Company’s ability to expand its SOL treasury and increase revenue, and can be identified by words such as "anticipate," "intend," "plan," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company's current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict, many of which are outside of the Company's control. The Company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated losses that the Company may incur as a result of a decrease in the market price of SOL; (ii) a failure for the demand for SOL, or activity on the SOL network, to continue to develop and grow as predicted in our DFDV Model or at all; (iii) volatility in our stock price, including due to future issuances of common stock and securities convertible into common stock; (iv) the effect of and uncertainties related to the ongoing volatility in interest rates; (v) our ability to achieve and maintain profitability in the future; (vi) the impact on our business of the regulatory environment and complexities of complying with such environment, including changes in securities laws or other laws or regulations; (vii) changes in the accounting treatment relating to the Company's SOL holdings; (viii) our ability to respond to general economic conditions; (ix) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (x) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth; and (xi) other risks and uncertainties more fully described in the section captioned "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other reports we file with the SEC.

As a result of these matters, changes in facts, assumptions not being realized, or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contact:
ir@defidevcorp.com

Media Contact:
press@defidevcorp.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is CHAD and how is it structured within DFDV’s capital?

CHAD is DFDV’s Nasdaq-listed Variable Rate Series C Perpetual Preferred Stock, which the company designed to provide a scalable source of perpetual capital dedicated to acquiring additional SOL.

What are the key terms of DFDV’s CHAD at-the-market (ATM) offering facility?

The company has established an at-the-market offering facility for up to $300 million of CHAD. Any issuance under this facility is intended to occur at or above CHAD’s $10.00 stated amount.

How much capital did DFDV raise from the CHAD over-allotment option and how many shares were issued?

The closing of the underwriter’s exercise of its over-allotment option in CHAD’s IPO generated approximately $1.65 million in additional gross proceeds through the issuance of 206,250 additional CHAD shares.

Where can investors find more information about CHAD and DFDV’s SOL strategy?

Investors can learn more about CHAD at www.defidevcorp.com/chad and find additional information at defidevcorp.com. The company also invites readers to subscribe to its blog to stay updated on developments and insights.