DeFi Development Corp raises dividend rate on CHAD to 14%

Joseph Onorati: Joseph Onorati serves as Chief Executive Officer, Chairman, and President of DeFi Development Corp, where he oversees the Solana treasury strategy and capital formation initiatives including the CHAD preferred stock program. He previously held leadership roles at Kraken, including Chief Strategy Officer, and founded CaVirtEx, one of Canada's early Bitcoin exchanges. DeFi Development Corp: DeFi Development Corp is a Nasdaq-listed company that maintains a treasury strategy centered on accumulating and compounding Solana (SOL) through purchases, staking, and on-chain infrastructure. It also operates a real estate software platform but derives the majority of its focus from the digital asset treasury segment. The company recently raised the annual dividend rate on its CHAD preferred stock to strengthen its position as a provider of digital credit instruments backed by SOL holdings. Capital Formation: The company uses CHAD preferred stock issuances to raise capital for SOL accumulation without issuing additional common shares, supporting accretive growth for common shareholders. Treasury Approach: DeFi Development Corp generates returns on its Solana holdings by deploying them through staking, validator operations, and on-chain treasury infrastructure. Digital Credit Positioning: CHAD is positioned as a Nasdaq-listed perpetual preferred security offering daily dividend payments and designed to function as a leading digital credit instrument backed by a productive SOL treasury.