DeFi Development raises Solana holdings to 2.56 million tokens and projects NAV per share to more than double
DeFi Development (DFDV) increased its Solana treasury to roughly 2.56 million SOL, valued at $302 million, an 11 % rise since its August 12 update. The company expects per‑share SOL holdings to grow double‑digit and net‑asset‑value per share to more than double by September 30. Proceeds from a newly launched $300 million at‑the‑market equity program and its CHAD preferred‑stock offering will fund further purchases. Shares rose about 2 % on the news but remain down roughly 70 % over the past year.
Why it matters
The company says the larger SOL position and projected NAV boost will give shareholders amplified exposure to Solana price moves, which could increase stock volatility and upside if SOL rises. The $300 million ATM program provides a pipeline of capital for additional token purchases, potentially supporting further NAV growth.
Key facts
- 1DFDV’s Solana holdings rose to about 2.56 million tokens, valued at $302 million. en.bloomingbit.io
- 2The increase represents roughly an 11 % rise since the August 12 earnings update. en.bloomingbit.io
- 3The company purchased an additional 26,203 SOL between September 28 and early October. en.bloomingbit.io
- 4SEC filing shows DFDV acquired about $3 million worth of SOL between September 28 and October 2, bringing total holdings to 2,564,212 SOL. finance.biggo.com
- 5DFDV established a $300 million at‑the‑market equity offering program to fund further SOL purchases. en.bloomingbit.io
- 6CHAD preferred stock pays an annual dividend of $1.30 per share (13 % yield) and declared a dividend of $0.00516 per share for the current month. finance.biggo.com
Open questions
- Material 1 gives a rounded total of “about 2.56 million SOL” while material 2 specifies 2,564,212 SOL; the exact figure is unclear.
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.