# DeFi Development Corp Solana ecosystem activities

> Live situation record from CLSTR: https://clstr.news/situations/defi-development-corp-solana-ecosystem-activities
> Updated: 2026-09-08T20:46:10.000Z. Sources: 15. Developments: 3.

DeFi Development Corp (DFDV) has expanded its focus on the Solana ecosystem through both asset accumulation and capital raising.

In late August, the Nasdaq-listed company resumed purchasing SOL tokens, acquiring 19,000 SOL to bring its total holdings to approximately 2.3 million SOL. This expansion was supported by the divestment of its ZeroStack business. During this period, the firm also launched ‘State of Solana,’ a public intelligence platform designed to track network metrics such as throughput, staking yields, and validator performance.

To fund further Solana purchases and strategic digital asset investments, the company initiated an offering of its Variable Rate Series C Perpetual Preferred Stock, referred to as ‘CHAD stock.’ The offering was priced at $9 per share, with the company planning to sell 2.2 million shares to generate approximately $19.8 million in gross proceeds. The shares feature a 13% initial annual dividend rate, with payments scheduled to begin on October 1.

By early September, the company completed an $11 million issuance of the CHAD stock, receiving approximately $10.3 million in net proceeds after expenses. These shares were sold at $8 each. The company intends to use the majority of these net proceeds to expand its Solana treasury, alongside general corporate purposes and strategic initiatives. Notably, Fundstrat co-founder Tom Lee participated in the offering, which was managed by R. F. Lafferty & Co.

## Timeline

### 2026-09-08: DeFi Development Corp. raises $11M to expand Solana treasury

DeFi Development Corp. raised $11 million through a CHAD preferred stock offering to fund its Solana treasury strategy, with participation from Fundstrat's Tom Lee.

3 sources. https://clstr.news/cluster/defi-development-corp-raises-11m-to-expand-solana-treasury

### 2026-09-01: DeFi Development Corp. prices $19.8M CHAD stock offering

DeFi Development Corp. priced its 2.2 million share CHAD preferred stock offering at $9 per share, aiming to raise $19.8 million to fund Solana purchases and digital asset investments.

3 sources. https://clstr.news/cluster/defi-development-corp-prices-198m-chad-stock-offering

### 2026-08-26: DeFi Development Corp resumes Solana accumulation and launches data dashboard

Nasdaq-listed DeFi Development Corp has resumed buying Solana, acquiring 19,000 SOL to reach a 2.3 million token treasury, and launched the ‘State of Solana’ real-time data dashboard.

11 sources. https://clstr.news/cluster/defi-development-corp-launches-state-of-solana-analytics-dashboard

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Cite as: DeFi Development Corp Solana ecosystem activities. CLSTR, https://clstr.news/situations/defi-development-corp-solana-ecosystem-activities