DeFi Development Corp, a Nasdaq-listed crypto treasury company, added approximately 22,070 SOL, worth about $2.37 million, to its treasury last week, bringing its total to 2,586,282 tokens valued at roughly $287 million at current prices. The company has been reducing its weekly purchases progressively, dropping from 101,381 SOL in mid-September to 22,070 last week. Its perpetual preferred stock CHAD, which pays a 13% annual dividend on a $10 stated amount, hit all-time highs during the week ended October 9, approaching that level after an IPO priced at $8. SOL fell about 9% over seven days, but CEO Joseph Onorati reaffirmed the company’s commitment to accumulating SOL despite short-term volatility.
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