DeFi Development raises SOL reserves to 2.39M, launches $300M preferred stock program
- —SOL reserves rose by 55,491 tokens since Aug. 27, reaching 2.39 million SOL
- —The $300 million CHAD program is intended to fund new SOL purchases
- —CHAD's initial annual dividend yield is 13%
- —DFDV is the second-largest public Solana treasury after Forward Industries
Why it matters: Growing corporate Solana treasuries support demand for SOL and set a financing model through preferred stock.
Source: Koin Bülteni