DeFi Development Buys 54,000 SOL in Latest Acquisition

DeFi Development (ticker: DFDV), a Solana reserve company and Nasdaq-listed firm, announced it purchased an additional 55,491 SOL after August 27th (local time). This brings the company's total SOL holdings to 2.38 million coins. Additionally, DFDV has established an ATM program allowing it to sell up to $300 million in variable-rate Series C perpetual preferred shares 'CHAD' on the market. The company plans to issue CHAD at a price above par value of $10 per share and use the proceeds for further SOL acquisitions.