Solana Treasury Firm Dangles 13% Dividends to Bankroll Its Next SOL Buys
DeFi Development Corp. plans to increase up to $20 million by a most popular inventory providing. It carries an preliminary annual dividend price of 13%.
The Solana (SOL) treasury firm intends to use a part of the proceeds to purchase extra SOL. It resumed accumulation final week as market situations turned extra favorable.
What the Preferred Stock Offers
DFDV introduced that it plans to conduct an IPO of its Variable Rate Series C Perpetual Preferred Stock, often known as CHAD Stock.
Dividends will accrue on a acknowledged quantity of $10 per share. Payments can be made every enterprise day of every calendar month, starting October 1, 2026.
The preliminary annual dividend price is 13%, topic to adjustment below the inventory’s phrases. DFDV additionally intends to deposit $1.30 per share right into a separate account at closing.
The reserve would cowl 12 months of dividend funds on the preliminary 13% price. The firm can fund it with present money, monetary devices, and/or digital belongings. R.F. Lafferty & Co. is appearing as the only real book-running supervisor.
“The Company intends to use the web proceeds from the providing for common company functions, together with for working capital, the acquisition of SOL and different digital asset-related investments, strategic transactions and development initiatives,” the agency said.
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Buying Restarted Days Before the Offering
The agency is already one of many largest public holders of SOL. Last week, it added 19,000 SOL at a median worth of $98.14.
That buy lifted its treasury to about 2.33 million SOL and SOL equivalents. The firm partly funded the acquisition by divesting its ZeroStack place, citing enhancing market situations.
Chief Executive Joseph Onorati described DFDV as a leveraged approach for traders to achieve publicity to SOL.
“When SOL performs effectively, we imagine DFDV has the potential to amplify that efficiency. Month-to-date, DFDV’s return has been greater than twice that of SOL,” he said.
The transfer comes because the broader crypto market strengthens. SOL gained 41.4% in August, making it the token’s first constructive month of 2026 after losses in each month since January.
Strategy also resumed Bitcoin (BTC) accumulation after a 10-week pause, while Strive and BitMine continued including to their digital asset holdings.
For now, the increase reveals treasury corporations testing investor urge for food once more after a tough stretch. Whether that window stays open will form how way more SOL DFDV can add.
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The publish Solana Treasury Firm Dangles 13% Dividends to Bankroll Its Next SOL Buys appeared first on BeInCrypto.