The post DFDV uses CHAD stock to buy more SOL: A new catalyst for Solana’s $150 target? appeared on BitcoinEthereumNews.com.
Is the corporate accumulation of Solana about to begin? On the ETF front, institutional buying continued its bullish trend at the end of August, sending assets back toward the levels seen before the October crash. Solana was no exception, as more than $150 million flowed into SOL ETFs in the last week of August, the largest weekly inflow of 2026. Notably, September has already kicked off with DeFi Development Corporation (NASDAQ: DFDV), which owns the third-largest Solana treasury with more than 2 million SOL, accelerating its accumulation of the cryptocurrency. The company announced that it would raise up to $20 million from its upcoming issuance of “CHAD Stock” that will pay a 13% yearly dividend in the form of daily payments. Source: X Put simply, CHAD Stock is a preferred stock issued by DFDV to raise capital. Investors buy the shares and, in return, receive a 13% dividend. The key takeaway? DFDV can utilize the money to improve the company’s balance sheet and buy back more SOL in line with its strategy to keep growing its Solana treasury. The timing of this move could not have been better. From a technical standpoint, the market value of DFDV grew over 80% so far in Q3, its first positive quarter since Q2 2025. Its stock price crossed $5+, which gives it better momentum to raise more funds to continue its accumulation of SOL. Corporate Solana buying vs. Pump.fun’s selling pressure Among the Layer 1 networks, Solana [SOL] has the largest memecoin ecosystem. In particular, its memecoin activity has grown exponentially after the launch of a memecoin launchpad called Pump.fun, which has made the process of creating and launching tokens much easier on the network. However, the same platform has turned into a source of selling pressure for SOL. Pump.fun sold another 132k…
Be the first to comment