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SOL DFDV expands Solana's treasury and launches a US$300 million CHAD preferred stock plan
According to the DFDV announcement issued on September 14, its total holdings of SOL and equivalents have expanded to 2,388,923. Since August 27, this balance has increased by 55,491 SOL, an increase that reflects the company's purchasing behavior and organic growth (such as pledge gains).
At the same time, the Nasdaq-listed company has also established a US$300 million preferred stock offering program. Management stated that it plans to use the net proceeds mainly for further purchases of Solana (SOL), and the specific implementation will depend on market conditions and investor needs.
CHAD Share Plan is designed to fund SOL purchases
This "At-the-Market" plan covers variable-rate Series C permanent preferred shares, trading code CHAD, issued by R.F. Lafferty & Co. serves as the exclusive sales agent. DFDV intends to sell its shares at a price equal to or above the face value of $10. CHAD's initial annual dividend yield is 13%, but its variable interest rate structure allows for adjustments to the ratio.
It should be emphasized that the establishment of this financing plan does not mean that the company has raised US$300 million in funding. The company has the right to gradually sell its shares over time and is not obligated to use the entire quota. Management noted that the funds will support its strategy of acquiring SOL, generating revenue and increasing its position per share. In addition, preferred stock financing introduces dividend equity, which investors need to consider when assessing treasury growth.
Treasury growth combines purchase and pledge income
DFDV said its holdings have increased by about 2% since August 27. The announcement did not explicitly split the increase in the 55,491 SOL units into directly purchased tokens and the proceeds earned. The company operates the verifier infrastructure and earns pledge rewards from entrusted assets. Together with direct acquisitions, these activities constitute a source of growth for the treasury.
CEO Joseph Onorati said DFDV's SOL return doubled as of the end of the quarter. This comparison describes historical performance over a specific period of time in the past rather than expectations for returns from new issues.
In addition, the company operates an AI-driven subscription platform for commercial real estate professionals. Last month, it launched a public research platform to track Solana's pledges, validators, yields and ecosystem activity.
