CHAD preferred climbs toward $10 as DeFi Development common falls 21% in a week

In a week of tumbling crypto prices, DeFi Development Corp. (Nasdaq: DFDV) just kept buying Solana to put in its treasury. During that time, the company’s common stock fell about 21% while its CHAD preferred shares hit record highs. The Boca Raton company acquired approximately 22,070 SOL and SOL equivalents in the last week, according to a press release issued October 12. Holdings now ~2,586,282 tokens, up 12% since its August 12 earnings update. Purchases ran ~101,381 SOL in mid-September, worth ~$11.4 million, then 47,706, then 26,203 and now 22,070 SOL tokens worth close to $2.4 million.