DeFi Development sees NAV per share more than doubling, holds 2.56 million SOL
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DeFi Development Corp said its Solana treasury reached about 2.56 million SOL and SOL equivalents, valued near $302 million, by the end of September. The company also said preliminary third-quarter estimates showed net asset value per share more than doubled over the period, and it made an initial dividend payment on its Nasdaq-listed CHAD preferred shares on October 1.
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What it means
For holders and observers of DeFi Development Corp, the immediate takeaway is that the company is still reporting a larger Solana treasury and a higher stated net asset value per share. Anyone tracking the Nasdaq-listed name will also see that the first dividend on its CHAD preferred shares was paid on October 1.
Compared with earlier reporting periods, the company’s filings now describe a slower weekly increase in SOL and SOL-equivalent holdings. What remains in place is the treasury strategy itself, since the company still reports a reserve built around Solana holdings and a stated dollar value for that reserve.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 35 days ago | Can Solana price hit $130 after Forward Industries buys 949K SOL? event | 1 actors in common · 3 news media |
| 42 days ago | Forward Industries Raises $25M To Buy More Solana event | 1 actors in common · 3 news media |