DeFi Development Corp. raises CHAD preferred stock dividend to 14%

CHAD: CHAD is the Variable Rate Series C Perpetual Preferred Stock issued by DeFi Development Corp. and listed on Nasdaq, structured as a daily-pay dividend security with a stated value of $10. The company is raising its annual dividend rate on CHAD from 13% to 14% starting November 2 to strengthen its appeal as an income product while using issuance proceeds to expand the underlying SOL treasury. It trades as a perpetual instrument designed to provide variable-rate daily income backed by the company's productive Solana holdings. $DFDV: DFDV is the Nasdaq ticker symbol for the common stock of DeFi Development Corp., the first U.S. public company with a dedicated Solana treasury strategy. The company uses proceeds from CHAD preferred stock issuances to grow its SOL holdings without issuing additional common shares. It maintains focus on SOL per share growth through treasury management and capital markets activities. DeFi Development Corp.: DeFi Development Corp. is a Nasdaq-listed company pursuing a treasury strategy centered on accumulating and compounding Solana through purchases, staking, validator operations, and other onchain activities. It recently announced an increase in the dividend rate on its CHAD preferred stock effective November 2 to enhance its income offering and attract capital for further SOL accumulation. The company positions CHAD as a scalable digital credit instrument to support accretive growth for common shareholders. Treasury Focus: The company maintains a Solana-centric treasury strategy that includes staking and validator operations to generate returns. Financing Approach: CHAD preferred stock serves as a non-dilutive funding tool to support ongoing SOL accumulation alongside common equity. Market Development: CHAD has reached record trading highs recently, reflecting investor interest in its daily dividend structure amid broader market conditions.