DeFi Development Corp.'s CHAD Reaches Par Just Seven Weeks After Launch
Key Highlights
- ➤CHAD closed at $10.00 per share, reaching par 48 days after its debut
- ➤CHAD's annualized dividend rate rises from 13.00% to 14.00% November 2
- ➤CHAD aims to fund additional SOL accumulation without increasing common shares
- ➤DeFi Development Corp. says SOL staking rewards may support preferred dividend obligations
Expert Statements
Joseph Onorati, Chief Executive Officer of DeFi Development Corp.
“Reaching par in just seven weeks is a major milestone for CHAD and an important step toward accelerating our capital markets flywheel”
Joseph Onorati, Chief Executive Officer of DeFi Development Corp.
“Unlike bitcoin, SOL generates native staking rewards, providing an additional source of recurring economic value that can help support our preferred dividend obligations.”
Joseph Onorati, Chief Executive Officer of DeFi Development Corp.
“We believe this gives our digital credit strategy a differentiated foundation as we work to scale CHAD and grow SOL Per Share.”
BOCA RATON, Fla., Oct. 27, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the "Company" or "DeFi Dev Corp."), the first U.S. public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today announced that its Variable Rate Series C Perpetual Preferred Stock (Nasdaq: CHAD) closed at $10.00 per share on October 26, 2026, reaching par for the first time since trading began on September 8, 2026.
The milestone comes just 48 days after CHAD's trading debut, representing what the Company believes to be the fastest progression to par among digital credit securities to date. Reaching par marks an important step toward establishing CHAD as a scalable source of capital to fund additional SOL accumulation without increasing DFDV's common share count.
Get started
Create a free account to read the full story.