DeFi Development Corp. (Nasdaq: DFDV) disclosed in an 8-K filing on Oct. 5 that it added approximately 26,203 SOL between Sept. 28 and Oct. 2, lifting its Solana treasury to 2,564,212 SOL and SOL equivalents, valued at roughly $302 million. That represents a 1% increase from the 2,538,010 SOL it held on Sept. 25 and an 11% expansion since Aug. 12, according to company disclosures.
The firm’s preliminary third-quarter estimates show net asset value per share grew more than 100% between Aug. 12 and Sept. 30, while cash and cash equivalents doubled and SOL-denominated liabilities declined. CEO Joseph Onorati said the company aims to increase SOL backing per common share over time, describing the pace as “lightning speed,” even though weekly additions cooled from 101,381 SOL for the week ending Sept. 18 to 47,706 SOL the following week and about 26,203 SOL in the latest reported period.
To fund purchases, DFDV has built a capital structure around its CHAD preferred shares, which carry a 13% annual dividend on a $10 par value, or $1.30 per share annually. The company paid its first CHAD dividend on Oct. 1 and has declared dividends of $0.00516 per share for each business day through Oct. 30. In September, it launched an at-the-market offering program of up to $300 million, with an initial CHAD placement of $11 million.
DFDV, formerly known as Janover, pivoted from commercial real estate to become a digital asset treasury company and now holds more than four times the nearly 600,000 SOL it reported in May 2025. The company also runs Solana validators. DFDV common shares rose about 2% in early trading on Oct. 5, though they remain down nearly 70% over the trailing twelve months. Audited Q3 results are expected in coming weeks.
