DeFi Development preferred stock reaches par value at $10
DeFi Development Corp. (DFDV) announced its Variable Rate Series C Perpetual Preferred Stock (CHAD) reached par value at $10.00 per share, 48 days after its trading debut. The company aims to use CHAD as a capital source for acquiring Solana (SOL) cryptocurrency. CHAD's dividend rate will increase to 14.00% effective November 2, 2026. DFDV holds SOL as its principal asset and operates validator infrastructure on the Solana network.
