DFDV Crosses 2.5M SOL, but CHAD Preferred Stock Carries a 16.25% Dividend Cost
- —DFDV held 2,538,010 SOL and equivalents worth about $309 million as of September 25
- —The treasury grew by 47,706 SOL in a week and roughly 10% over six weeks
- —Initial CHAD issuance implies a 16.25% annualized dividend cost on gross proceeds
- —Against a historical 7.5% validator yield, the illustrative spread is 8.75 percentage points
Why it matters: The financing math suggests staking yield alone would not cover the preferred dividend, making DFDV reliant on validator commissions and further issuance to fund SOL purchases.
Source: Crypto News Flash