CHAD: DeFi Development Opens $300M Preferred Offering at 13%
The ATM program adds optional financing capacity for more SOL purchases, but the cumulative 13% payout means full issuance would cost roughly $39M a year in dividends.
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The ATM program adds optional financing capacity for more SOL purchases, but the cumulative 13% payout means full issuance would cost roughly $39M a year in dividends.
The ATM-funded add brought the corporate BTC treasury to 847,363 coins at an average cost of $75,651, with the average purchase price on this tranche ($67,068) running 11% below that cost basis.