DeFi Development Corp will raise $20 million to purchase Solana. The company has announced a public offering of preferred shares. These are Series C perpetual securities. The proceeds will be directed toward further accumulation of SOL tokens. A portion of the capital will go toward related cryptocurrency investments. The company specializes in treasury assets within the Solana ecosystem. The par value of one share will be ten dollars. Dividends will accrue at a floating annual rate. The initial payout level has been set at thirteen percent. The first regular payment is scheduled for October 1, 2026.
The company will grant the underwriter an additional thirty-day option. It will allow the purchase of an additional fifteen percent of the offering volume. To protect investors, DFDV will establish a dedicated reserve fund. It will cover payments for the first twelve months. The reserve will be funded with fiat funds or traditional financial instruments. Digital assets may also be used. R.F. Lafferty & Co. investment company will act as the offering's organizer. The new share issuance will strengthen DFDV's financial base. The company will continue to grow its own cryptocurrency reserve.
On August 27, DFDV already resumed investments. The company purchased an additional 19,000 SOL at an average price of $98.14. The total treasury balance reached 2.33 million SOL tokens. The purchase was partially funded through the sale of ZeroStack stakes. This is a company with a cryptocurrency treasury model. The new tokens are planned to be held as a long-term asset. They will also be utilized through staking infrastructure. CEO Joseph Onorati explained the company's strategy. The business model is focused on institutional access to Solana.
According to the executive, investors gain access with additional leverage. It is formed through the yield of treasury operations. Against the backdrop of the announcement, DFDV shares rose eight percent. Trading closed at $5.38 per share. The SOL token is trading around $102. Over the month, the asset gained more than forty percent. In August, Solana governance participants approved proposal SGP-0002. It doubles the annual disinflation rate from fifteen to thirty percent. The market continues to closely monitor Solana's corporate reserves.
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This material is prepared for informational purposes only and does not constitute financial advice or a recommendation.