DeFi Development Corp. (Nasdaq: DFDV) announced on October 5, 2026, that its treasury holdings of Solana (SOL) and SOL equivalents have increased by approximately 11% since the Company’s earnings report on August 12. The filing details that between September 28 and October 2, 2026, the Company acquired roughly 26,203 SOL, bringing its total treasury balance to approximately 2,564,212 SOL and SOL equivalents. The filing notes that these holdings are valued at approximately $302 million.
According to preliminary estimates provided in the accompanying press release, the Company expects to report significant growth in per-share metrics as of September 30, 2026, compared to the August 12 baseline. These preliminary estimates include double-digit growth in SOL per share (SPS), more than 100% growth in Net Asset Value (NAV) per share, and a more than 100% increase in cash and cash equivalents. The Company also anticipates a reduction in SOL-denominated borrowings and double-digit growth in total SOL and SOL equivalents.
In addition to treasury accumulation, the Company highlighted the status of its variable-rate Series C Perpetual Preferred Stock (ticker: CHAD). On October 1, 2026, DFDV paid the first dividend on CHAD shares. The preferred stock carries a 13% annual dividend rate, equivalent to $1.30 per share annually at the current rate. The Company stated that dividend payments are continuing each business day when declared and that it views CHAD as a source of capital for the next phase of growth.
The Company intends to continue deploying its SOL holdings through staking and validator infrastructure. Management noted that the establishment of a $300 million ATM facility for CHAD provides an additional source of growth capital. The filing includes standard forward-looking statements regarding the preliminary nature of the September 30 estimates and the risks associated with market price fluctuations in SOL and the regulatory environment.
