DeFi Development Board authorizes open-ended buyback of CHAD preferred shares
- —DeFi Development (DFDV) approved a buyback program for CHAD shares
- —The program is open-ended and covers up to 100% of outstanding shares
- —CHAD is a Variable Rate Series C perpetual preferred stock
Why it matters: The buyback could support CHAD's price and signals available liquidity at the crypto treasury company.
Source: Seeking Alpha Crypto