{"success":true,"data":{"pressRelease":{"id":"166290","rtpr_id":"nGNX2y0BFH-20261012","ticker":"CHAD","exchange":"NASDAQ","all_tickers":["CHAD","DFDV"],"title":"DFDV Continues Accumulating SOL as Treasury Growth Rises to 12% since August 12; CHAD Hits Record Highs Despite Crypto Selloff","author":"Globe Newswire","published_at":"2026-10-12T12:00:00.353Z","article_body":"Continued purchases and organic accumulation drive approximately 12% growth in\nSOL holdings since the Company’s August 12 Earnings Update\n\nCHAD offers a 13% annual dividend rate supported by a productive SOL treasury\n\nBOCA RATON, FL, Oct. 12, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp.\n(Nasdaq: DFDV) (the \"Company\" or \"DeFi Dev Corp.\"), the first U.S. public\ncompany with a treasury strategy built to accumulate and compound Solana\n(\"SOL\"), today announced that its treasury increased by approximately 22,070\nSOL and SOL equivalents over the past week, bringing total holdings to\napproximately 2,586,282 SOL and SOL equivalents.\n\nThe latest increase brings total SOL and SOL equivalents growth to\napproximately 12% since the Company’s Q2 earnings report on August 12. With\nthe recently established $300 million at-the-market offering program (the\n“CHAD ATM”) providing an additional source of growth capital, the Company\nbelieves its SOL accumulation flywheel is continuing to gain momentum.\n\n“Short-term volatility has not changed our conviction or our commitment to\naccumulating SOL,” said Joseph Onorati, Chief Executive Officer of DeFi\nDevelopment Corp. “Tokenized equities are generating billions of dollars in\ntrading activity on Solana, stablecoin adoption is reaching new highs, and\njust last week Samsung announced it is bringing stablecoin functionality\nacross 82 million U.S. Galaxy devices. These developments point toward a much\nlarger role for Solana in global finance, and we intend to keep accumulating\nand compounding SOL ahead of that opportunity.”\n\nCHAD Hits All-Time Highs Despite Crypto Selloff\nCHAD (Nasdaq: CHAD), the Company’s variable-rate perpetual preferred stock,\nreached new all-time trading highs and gained during the week ended October 9,\n2026, despite a broader cryptocurrency selloff.\n\n“CHAD reaching new highs and approaching $10.00 even as SOL pulled back is\nan encouraging sign that investors are recognizing its distinct income\nproposition,” said Dan Kang, Chief Strategy Officer of DeFi Development\nCorp. “We created CHAD to meet demand for income supported by a productive\nSOL treasury, and its recent performance demonstrates how its trading behavior\ncan differ from SOL’s. For common shareholders, CHAD provides a funding\nsource that can support accretive SOL per share growth without issuing\nadditional common shares. For CHAD holders, it offers daily income supported\nby that growing, productive treasury.”\n\nCHAD currently carries a 13% annual dividend rate on its $10 stated amount,\nequivalent to $1.30 per share annually at the current rate, with dividend\npayments continuing each business day when declared.\n\nLearn more about CHAD at www.defidevcorp.com/chad.\n\nFor more information, visit defidevcorp.com\n(https://www.globenewswire.com/Tracker?data=BJcF9cbBDd_iAt7NUmcreGkwNZ_e9-z0_4JgyxFvtLrAid6zHDfLejEGI-xrsl4L3S1yHx_tavIrLK5BldnHHjY86q9sPBq3-AnE4RhCJ-U=).\nTo stay up to date with the latest developments and insights, subscribe to our\nblog\n(https://www.globenewswire.com/Tracker?data=BmsdFKN3YMu9IM6HQ-d58xjh5ag-yCiOOi95KV7BHUiIv5eyh5Wgk-y7mdSk3Ppgl0kBVt5ZUO46gwImvHau1Q==).\n\nAbout DeFi Development Corp.\nDeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under\nwhich the principal holding in its treasury reserve is allocated to SOL.\nThrough this strategy, the Company provides investors with direct economic\nexposure to SOL, while also actively participating in the growth of the Solana\necosystem. In addition to holding and staking SOL, DeFi Development Corp.\noperates its own validator infrastructure, generating staking rewards and fees\nfrom delegated stake. The Company is also engaged across decentralized finance\n(DeFi) opportunities and continues to explore innovative ways to support and\nbenefit from Solana’s expanding application layer.\n\nThe Company is also an AI-powered online platform that connects the commercial\nreal estate industry by providing value-add services and software\nsubscriptions to multifamily and commercial property professionals, as the\nCompany connects the increasingly complex ecosystem that stakeholders have to\nmanage. The Company’s data and software offerings are generally offered on a\nsubscription basis as software as a service.\n\nForward-Looking Statements \nThis press release contains \"forward-looking statements\" within the meaning of\nthe safe harbor provisions of the U.S. Private Securities Litigation Reform\nAct of 1995. Forward-looking statements in this press release include, but are\nnot limited to, statements regarding SOL per share growth; future SOL\nholdings; anticipated changes in borrowings and liquidity; future SOL\naccumulation and per-share accretion; future adoption of Solana, tokenized\nassets and stablecoins; capital raising and deployment; the anticipated\nissuance price of shares under the CHAD ATM program; future CHAD dividend\nrates and the declaration and payment of CHAD dividends; the intended use of\nproceeds; and the Company’s ability to expand its SOL treasury and increase\nrevenue. These statements can be identified by words such as \"anticipate,\"\n\"intend,\" \"plan,\" \"believe,\" \"project,\" \"estimate,\" \"expect,\" \"strategy,\"\n\"future,\" \"likely,\" \"may,\" \"should,\" \"will\" and similar references to future\nperiods. Forward-looking statements are neither historical facts nor\nassurances of future performance. Instead, they are based only on the\nCompany's current beliefs, expectations, and assumptions regarding the future\nof its business, future plans and strategies, projections, anticipated events\nand trends, the economy, and other future conditions. Because forward-looking\nstatements relate to the future, they are subject to inherent uncertainties,\nrisks, and changes in circumstances that are difficult to predict, many of\nwhich are outside of the Company's control. The Company's actual results and\nfinancial condition may differ materially from those indicated in the\nforward-looking statements. Therefore, you should not place undue reliance on\nthese forward-looking statements.\n\nImportant factors that could cause our actual results and financial condition\nto differ materially from those indicated in the forward-looking statements\ninclude, among others, the following: (i) fluctuations in the market price of\nSOL and any associated losses that the Company may incur as a result of a\ndecrease in the market price of SOL; (ii) a failure of demand for SOL, or\nactivity on the Solana network, to continue to develop and grow as we\nanticipate or at all; (iii) volatility in our stock price, including due to\nfuture issuances of common stock and securities convertible into common stock;\n(iv) the effect of and uncertainties related to the ongoing volatility in\ninterest rates; (v) our ability to achieve and maintain profitability in the\nfuture; (vi) the impact on our business of the regulatory environment and\ncomplexities of complying with such environment, including changes in\nsecurities laws or other laws or regulations; (vii) changes in the accounting\ntreatment relating to the Company's SOL holdings; (viii) our ability to\nrespond to general economic conditions; (ix) our ability to manage our growth\neffectively and our expectations regarding the development and expansion of\nour business; (x) our ability to access sources of capital, including debt\nfinancing and other sources of capital to finance operations and growth; (xi)\nrisks relating to CHAD, including that the dividend rate may be adjusted, that\ndividends are payable only when declared, that CHAD may trade below its stated\namount, that the trading price of CHAD may be volatile, that the Company may\nbe unable to sell CHAD under the CHAD ATM at or above its stated amount, and\nthat staking and validator rewards may be insufficient to support dividend\npayments; and (xii) other risks and uncertainties more fully described in the\nsections captioned \"Risk Factors\" in the Company's most recent Annual Report\non Form 10-K, the prospectus supplement for the CHAD ATM and other reports we\nfile with the SEC.\n\nAs a result of these matters, changes in facts, assumptions not being\nrealized, or other circumstances, the Company's actual results may differ\nmaterially from the expected results discussed in the forward-looking\nstatements contained in this press release. Forward-looking statements\ncontained in this press release are made as of its date, and the Company\nundertakes no duty to update such information except as required under\napplicable law.\n\nThis press release does not constitute an offer to sell or the solicitation of\nan offer to buy any securities, nor shall there be any sale of securities in\nany state or jurisdiction in which such offer, solicitation or sale would be\nunlawful prior to registration or qualification under the securities laws of\nany such state or jurisdiction. Offers and sales of CHAD under the CHAD ATM\nare made only by means of the prospectus supplement and accompanying\nprospectus forming part of the Company’s effective shelf registration\nstatement on Form S-3 filed with the SEC.\n\nInvestor Contact:\nir@defidevcorp.com\n\nMedia Contact:\npress@defidevcorp.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/966832fd-a2a8-4663-82a6-11708b322b1c)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2y0BFH-20261012","title":"DFDV Continues Accumulating SOL as Treasury Growth Rises to 12% since August 12; CHAD Hits Record Highs Despite Crypto Selloff","author":"Globe Newswire","ticker":"CHAD","created":"2026-10-12T12:00:00.353Z","tickers":["CHAD","DFDV"],"exchange":"NASDAQ","article_body":"Continued purchases and organic accumulation drive approximately 12% growth in\nSOL holdings since the Company’s August 12 Earnings Update\n\nCHAD offers a 13% annual dividend rate supported by a productive SOL treasury\n\nBOCA RATON, FL, Oct. 12, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp.\n(Nasdaq: DFDV) (the \"Company\" or \"DeFi Dev Corp.\"), the first U.S. public\ncompany with a treasury strategy built to accumulate and compound Solana\n(\"SOL\"), today announced that its treasury increased by approximately 22,070\nSOL and SOL equivalents over the past week, bringing total holdings to\napproximately 2,586,282 SOL and SOL equivalents.\n\nThe latest increase brings total SOL and SOL equivalents growth to\napproximately 12% since the Company’s Q2 earnings report on August 12. With\nthe recently established $300 million at-the-market offering program (the\n“CHAD ATM”) providing an additional source of growth capital, the Company\nbelieves its SOL accumulation flywheel is continuing to gain momentum.\n\n“Short-term volatility has not changed our conviction or our commitment to\naccumulating SOL,” said Joseph Onorati, Chief Executive Officer of DeFi\nDevelopment Corp. “Tokenized equities are generating billions of dollars in\ntrading activity on Solana, stablecoin adoption is reaching new highs, and\njust last week Samsung announced it is bringing stablecoin functionality\nacross 82 million U.S. Galaxy devices. These developments point toward a much\nlarger role for Solana in global finance, and we intend to keep accumulating\nand compounding SOL ahead of that opportunity.”\n\nCHAD Hits All-Time Highs Despite Crypto Selloff\nCHAD (Nasdaq: CHAD), the Company’s variable-rate perpetual preferred stock,\nreached new all-time trading highs and gained during the week ended October 9,\n2026, despite a broader cryptocurrency selloff.\n\n“CHAD reaching new highs and approaching $10.00 even as SOL pulled back is\nan encouraging sign that investors are recognizing its distinct income\nproposition,” said Dan Kang, Chief Strategy Officer of DeFi Development\nCorp. “We created CHAD to meet demand for income supported by a productive\nSOL treasury, and its recent performance demonstrates how its trading behavior\ncan differ from SOL’s. For common shareholders, CHAD provides a funding\nsource that can support accretive SOL per share growth without issuing\nadditional common shares. For CHAD holders, it offers daily income supported\nby that growing, productive treasury.”\n\nCHAD currently carries a 13% annual dividend rate on its $10 stated amount,\nequivalent to $1.30 per share annually at the current rate, with dividend\npayments continuing each business day when declared.\n\nLearn more about CHAD at www.defidevcorp.com/chad.\n\nFor more information, visit defidevcorp.com\n(https://www.globenewswire.com/Tracker?data=BJcF9cbBDd_iAt7NUmcreGkwNZ_e9-z0_4JgyxFvtLrAid6zHDfLejEGI-xrsl4L3S1yHx_tavIrLK5BldnHHjY86q9sPBq3-AnE4RhCJ-U=).\nTo stay up to date with the latest developments and insights, subscribe to our\nblog\n(https://www.globenewswire.com/Tracker?data=BmsdFKN3YMu9IM6HQ-d58xjh5ag-yCiOOi95KV7BHUiIv5eyh5Wgk-y7mdSk3Ppgl0kBVt5ZUO46gwImvHau1Q==).\n\nAbout DeFi Development Corp.\nDeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under\nwhich the principal holding in its treasury reserve is allocated to SOL.\nThrough this strategy, the Company provides investors with direct economic\nexposure to SOL, while also actively participating in the growth of the Solana\necosystem. In addition to holding and staking SOL, DeFi Development Corp.\noperates its own validator infrastructure, generating staking rewards and fees\nfrom delegated stake. The Company is also engaged across decentralized finance\n(DeFi) opportunities and continues to explore innovative ways to support and\nbenefit from Solana’s expanding application layer.\n\nThe Company is also an AI-powered online platform that connects the commercial\nreal estate industry by providing value-add services and software\nsubscriptions to multifamily and commercial property professionals, as the\nCompany connects the increasingly complex ecosystem that stakeholders have to\nmanage. The Company’s data and software offerings are generally offered on a\nsubscription basis as software as a service.\n\nForward-Looking Statements \nThis press release contains \"forward-looking statements\" within the meaning of\nthe safe harbor provisions of the U.S. Private Securities Litigation Reform\nAct of 1995. Forward-looking statements in this press release include, but are\nnot limited to, statements regarding SOL per share growth; future SOL\nholdings; anticipated changes in borrowings and liquidity; future SOL\naccumulation and per-share accretion; future adoption of Solana, tokenized\nassets and stablecoins; capital raising and deployment; the anticipated\nissuance price of shares under the CHAD ATM program; future CHAD dividend\nrates and the declaration and payment of CHAD dividends; the intended use of\nproceeds; and the Company’s ability to expand its SOL treasury and increase\nrevenue. These statements can be identified by words such as \"anticipate,\"\n\"intend,\" \"plan,\" \"believe,\" \"project,\" \"estimate,\" \"expect,\" \"strategy,\"\n\"future,\" \"likely,\" \"may,\" \"should,\" \"will\" and similar references to future\nperiods. Forward-looking statements are neither historical facts nor\nassurances of future performance. Instead, they are based only on the\nCompany's current beliefs, expectations, and assumptions regarding the future\nof its business, future plans and strategies, projections, anticipated events\nand trends, the economy, and other future conditions. Because forward-looking\nstatements relate to the future, they are subject to inherent uncertainties,\nrisks, and changes in circumstances that are difficult to predict, many of\nwhich are outside of the Company's control. The Company's actual results and\nfinancial condition may differ materially from those indicated in the\nforward-looking statements. Therefore, you should not place undue reliance on\nthese forward-looking statements.\n\nImportant factors that could cause our actual results and financial condition\nto differ materially from those indicated in the forward-looking statements\ninclude, among others, the following: (i) fluctuations in the market price of\nSOL and any associated losses that the Company may incur as a result of a\ndecrease in the market price of SOL; (ii) a failure of demand for SOL, or\nactivity on the Solana network, to continue to develop and grow as we\nanticipate or at all; (iii) volatility in our stock price, including due to\nfuture issuances of common stock and securities convertible into common stock;\n(iv) the effect of and uncertainties related to the ongoing volatility in\ninterest rates; (v) our ability to achieve and maintain profitability in the\nfuture; (vi) the impact on our business of the regulatory environment and\ncomplexities of complying with such environment, including changes in\nsecurities laws or other laws or regulations; (vii) changes in the accounting\ntreatment relating to the Company's SOL holdings; (viii) our ability to\nrespond to general economic conditions; (ix) our ability to manage our growth\neffectively and our expectations regarding the development and expansion of\nour business; (x) our ability to access sources of capital, including debt\nfinancing and other sources of capital to finance operations and growth; (xi)\nrisks relating to CHAD, including that the dividend rate may be adjusted, that\ndividends are payable only when declared, that CHAD may trade below its stated\namount, that the trading price of CHAD may be volatile, that the Company may\nbe unable to sell CHAD under the CHAD ATM at or above its stated amount, and\nthat staking and validator rewards may be insufficient to support dividend\npayments; and (xii) other risks and uncertainties more fully described in the\nsections captioned \"Risk Factors\" in the Company's most recent Annual Report\non Form 10-K, the prospectus supplement for the CHAD ATM and other reports we\nfile with the SEC.\n\nAs a result of these matters, changes in facts, assumptions not being\nrealized, or other circumstances, the Company's actual results may differ\nmaterially from the expected results discussed in the forward-looking\nstatements contained in this press release. Forward-looking statements\ncontained in this press release are made as of its date, and the Company\nundertakes no duty to update such information except as required under\napplicable law.\n\nThis press release does not constitute an offer to sell or the solicitation of\nan offer to buy any securities, nor shall there be any sale of securities in\nany state or jurisdiction in which such offer, solicitation or sale would be\nunlawful prior to registration or qualification under the securities laws of\nany such state or jurisdiction. Offers and sales of CHAD under the CHAD ATM\nare made only by means of the prospectus supplement and accompanying\nprospectus forming part of the Company’s effective shelf registration\nstatement on Form S-3 filed with the SEC.\n\nInvestor Contact:\nir@defidevcorp.com\n\nMedia Contact:\npress@defidevcorp.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/966832fd-a2a8-4663-82a6-11708b322b1c)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-12T12:00:00.452282772Z","server_sent_at_ms":1791806400452},"received_at":"2026-10-12T12:00:00.512Z","source_url":null},"analysis":{"id":"154655","press_release_id":"166290","analysis_json":{"industry":{"label":"Financial Services","sector":"Financials"},"redFlags":["CHAD dividends are payable only when declared and the rate may be adjusted","Company may be unable to sell CHAD under the ATM at or above its stated amount","SOL price fluctuations and staking/validator rewards may be insufficient to support the 13% dividend","Growth funded partly via ATM offerings, a continual capital-raising dependency"],"eventType":"operations_update","narrative":"DeFi Development Corp. added approximately 22,070 SOL over the past week, bringing total holdings to about 2,586,282 SOL and SOL equivalents — roughly 12% growth since its August 12 earnings update.\n\nCHAD, the company's variable-rate perpetual preferred stock, hit all-time trading highs during the week ended October 9 despite a broader crypto selloff, and currently pays a 13% annual dividend on its $10 stated amount ($1.30 per share annually).\n\nA recently established $300 million CHAD ATM program provides an additional growth-capital source, and management says CHAD can fund accretive SOL-per-share growth without issuing more common shares.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"CHAD preferred makes new highs with 13% dividend while SOL treasury grows 12% since August — watch ATM usage and dividend sustainability."},"keyFigures":{"customDimensions":{"sol_added_week":22070,"atm_program_size":"$300 million","chad_dividend_rate":"13%","chad_stated_amount":10,"total_sol_holdings":2586282,"sol_growth_since_aug12":"12%","chad_annual_dividend_per_share":1.3}},"quotedText":"Short-term volatility has not changed our conviction or our commitment to accumulating SOL","namedEntities":{"people":[{"name":"Joseph Onorati","role":"CEO"},{"name":"Dan Kang","role":"Chief Strategy Officer"}],"products":["CHAD (variable-rate perpetual preferred stock)","CHAD ATM","Solana (SOL)"],"companies":[{"name":"DeFi Development Corp.","ticker":"DFDV","relationship":"issuer of CHAD preferred"},{"name":"Samsung","relationship":"mentioned (stablecoin functionality on Galaxy devices)"}],"dollarAmounts":[{"amount":"$300 million","context":"at-the-market offering program (CHAD ATM)"},{"amount":"$10","context":"CHAD stated amount per share"},{"amount":"$1.30","context":"annual dividend per CHAD share at current 13% rate"},{"amount":"$10.00","context":"price level CHAD is approaching"}]},"materialImpact":{"score":2,"reasoning":"Issuer-authored treasury update: SOL holdings grew ~12% since August 12 and CHAD preferred hit all-time highs with a $300M ATM providing growth capital. Notable for CHAD holders but not a binary or earnings event."},"tickerRelevance":{"others":[{"ticker":"DFDV","relevance":"issuer of the CHAD preferred stock"}],"primary":"CHAD"},"globalImportance":25,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"routine treasury/holdings update","issuerAuthored":true,"retailFavoriteBoost":"moderate — crypto treasury stock"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"DeFi Development Corp. added approximately 22,070 SOL over the past week, bringing total holdings to about 2,586,282 SOL and SOL equivalents — roughly 12% growth since its August 12 earnings update.\n\nCHAD, the company's variable-rate perpetual preferred stock, hit all-time trading highs during the week ended October 9 despite a broader crypto selloff, and currently pays a 13% annual dividend on its $10 stated amount ($1.30 per share annually).\n\nA recently established $300 million CHAD ATM program provides an additional growth-capital source, and management says CHAD can fund accretive SOL-per-share growth without issuing more common shares.","key_figures":{"customDimensions":{"sol_added_week":22070,"atm_program_size":"$300 million","chad_dividend_rate":"13%","chad_stated_amount":10,"total_sol_holdings":2586282,"sol_growth_since_aug12":"12%","chad_annual_dividend_per_share":1.3}},"named_entities":{"people":[{"name":"Joseph Onorati","role":"CEO"},{"name":"Dan Kang","role":"Chief Strategy Officer"}],"products":["CHAD (variable-rate perpetual preferred stock)","CHAD ATM","Solana (SOL)"],"companies":[{"name":"DeFi Development Corp.","ticker":"DFDV","relationship":"issuer of CHAD preferred"},{"name":"Samsung","relationship":"mentioned (stablecoin functionality on Galaxy devices)"}],"dollarAmounts":[{"amount":"$300 million","context":"at-the-market offering program (CHAD ATM)"},{"amount":"$10","context":"CHAD stated amount per share"},{"amount":"$1.30","context":"annual dividend per CHAD share at current 13% rate"},{"amount":"$10.00","context":"price level CHAD is approaching"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-12T12:00:07.420Z","global_importance":25,"audience_relevance":25,"importance_components":{"tickerTier":"small-cap","eventGravity":"routine treasury/holdings update","issuerAuthored":true,"retailFavoriteBoost":"moderate — crypto treasury stock"}},"durationMs":6857,"modelName":"glm-5.3-flashx"}}