DeFi Development Closes Strategy-Style $11 Million CHAD Offering to Grow Solana Treasury
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DeFi Development Corp. closed an offer of preferential shares for USD $11 million to finance new purchases of SOL, with an initial annual dividend of 13% and an effective return close to 16.25%. The operation seeks to expand the company’s treasury without issuing common shares. *** CHAD is a perpetual Preferential Share of Serie C with a variable rate and an initial annual dividend of 13%. DeFi Development Corp. will allocate the funds to buy mo…
DeFi Development Corp. completed the closing of its public offer of perpetual Preferential Shares Series C of variable rate, called «CHAD», raising $11 million gross dollars. The US firm confirmed that it will allocate virtually all of the net funds to the continuous purchase of Solana (SOL) to strengthen its corporate balance sheet. The operation marks the ... Read more
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapDeFi Development Corp completes $11M CHAD offering for SOL-backed credit instrument
The successful CHAD offering highlights growing investor confidence in Solana-backed instruments, potentially boosting DeFi market innovation.
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