StocksMedium•6 October 2026•
1 min read
DeFi Development Corp Authorizes Buyback Program for CHAD Preferred Stock
Key Facts
1DeFi Development Corp's board authorized a repurchase program for all outstanding and future Series C Perpetual Preferred Stock (CHAD).
2The company's strategy involves accumulating Solana (SOL) to support a 13% annual dividend rate for CHAD shareholders.
DeFi Development Corp's board authorized a repurchase program for all outstanding and future Series C Perpetual Preferred Stock, known as CHAD. GlobeNewswire reported that the authorization provides the company with flexibility to manage its capital structure and repurchase shares periodically as part of its broader treasury strategy.
The company's strategy involves accumulating Solana (SOL) and its yields to support a 13% annual dividend rate for CHAD shareholders. Regarding market performance, DFDV closed at $5.47 on October 5, 2026, after reaching a day high of $5.6 and a low of $5.26 during the session.