DeFi Development, the Nasdaq-listed company that runs a Solana-focused treasury strategy, has again expanded its holdings of the SOL token. Wire reports indicate the firm, which trades under the ticker DFDV, now holds roughly 2.59 million SOL after its latest weekly purchase.
The most recent addition came to 22,070 SOL, bought over the past week. Coverage of the update describes the increase as lifting the company's total position by 12%. The same reporting notes, however, that the size of its weekly purchases has been shrinking, so the pace of accumulation is slower than in earlier stretches.
Alongside the token purchases, the company's CHAD preferred stock climbed to record highs. Reports say this happened despite a broader market selloff, which means the security moved against the prevailing direction of trading at the time. The sources do not give a price level for CHAD, so the size of the move is not specified here.
The update illustrates how digital-asset treasury companies operate: a publicly listed business accumulates a specific cryptocurrency on its balance sheet and uses its securities, including preferred stock, as part of that strategy. In DeFi Development's case the asset is SOL, the native token of the Solana network. The latest figures show the company continuing to add to that position, though in smaller increments.
The available reporting does not detail how the latest SOL purchase was funded, the price paid, or the total value of the holdings, so those points are left out. What the sources do establish is a larger SOL position, a record for the CHAD preferred shares, and a clear trend toward smaller weekly buys.