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DeFi Development Corp. CHAD Funds Could Buy More Than 3,500 Solana

Funds raised by CHAD this week were estimated to cover about 700 Solana (SOL) per day. The estimate does not confirm completed purchases.

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A blank share certificate sits beside a silver token and matching coins / TokenPost.ai (macro)
A blank share certificate sits beside a silver token and matching coins / TokenPost.ai (macro)

Funds raised this week by DeFi Development Corp.’s CHAD preferred stock could buy more than 3,500 Solana (SOL), averaging 700 SOL per day.

CHAD is the company’s Nasdaq-listed Series C perpetual preferred stock. The estimate follows CHAD’s Nov. 11 daily fundraising record, when proceeds were estimated to cover more than 1,170 SOL.

The estimate measures potential buying capacity and does not establish that DeFi Development has completed purchases.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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