DeFi Development Corp.

Nasdaq-listed DeFi Development Corp has increased its Solana treasury by 55,491 SOL, bringing total holdings to about 2.39 million SOL and SOL equivalents, a roughly 2% increase since August 27. The company said Monday it resumed regular Solana purchases and continues to generate yield from its holdings, making it the second-largest public-company holder of Solana after Forward Industries. Alongside the treasury increase, DeFi Development established a $300 million at-the-market offering for its CHAD perpetual preferred stock, the Variable Rate Series C Perpetual Preferred Stock, which carries an initial annual dividend rate of 13%. The company plans to issue the shares at or above their $10 par value, with most proceeds expected to fund additional SOL purchases. CEO Joseph Onorati said the company is growing its SOL treasury, generating more organic yield and delivering strong performance, with DFDV returning twice as much as SOL quarter-to-date.

DeFi Development Corp. announced plans for an initial public offering of up to $20 million of Series C perpetual preferred stock, with the underwriter receiving a 30-day option to purchase up to an additional 15% of the shares offered. The preferred stock will initially carry a 13% annual dividend rate, payable daily, and the company intends to use net proceeds for working capital, acquisitions of Solana and other digital assets, strategic transactions, and growth initiatives. DeFi Development also plans to establish a reserve covering the first 12 months of dividend payments at the initial rate. R.F. Lafferty & Co., Inc. is acting as sole book-running manager for the offering, and shares rose 8.03% following the announcement.

Nasdaq-listed DeFi Development Corp. (DFDV) resumed its strategy of holding Solana as a treasury asset on August 27, acquiring approximately 19,000 SOL. With this purchase, the company's total SOL and SOL-equivalent assets reached about 2.33 million SOL. Part of the acquisition funds came from the sale of its stake in ZeroStack, and the newly acquired SOL will be held long-term and staked on its own infrastructure. DFDV shares closed at $5.28 on August 27, up 17.3% from the previous day, with a market capitalization of approximately $164 million. Meanwhile, Solana rose from $74 to $110 over the 12 days from August 17 to 28, a gain of 50%, outpacing Bitcoin's 24.0% and Ethereum's 31.5%. Cumulative SOL holdings by corporate treasuries reached approximately 16.3 million SOL, an increase of about 600,000 SOL since June 29, far exceeding the roughly 100,000 SOL added in the first half of 2026. Prior to DFDV's purchase, Solmate Infrastructure PLC also acquired 1,000 SOL on August 20, raising its holdings to about 1.25 million SOL. Among publicly listed companies, Forward Industries remains the largest holder with approximately 7.81 million SOL.

DeFi Development Corp has launched State of Solana, a public platform providing real-time insights into Solana's network activity, including market, staking, validator, and ecosystem data. The dashboard tracks metrics such as SOL returns, transaction throughput, staking yields, inflation, and network uptime, and offers historical data and comparisons with other blockchains. Chief marketing officer Pete Humiston said the platform lets investors see the underlying data supporting the company's bullish thesis on Solana. The launch follows DeFi Development's accumulation of a large Solana treasury, holding 2.29 million SOL valued at roughly $208 million as of August 10, and its $200 million at-the-market equity program initiated in May. The company reported $2.66 million in first-quarter revenue and a net loss of $83.4 million, largely due to declines in digital asset values. Its shares are down over 15% year-to-date and more than 70% over the past 12 months, trading at $4.52.