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 Nasdaq-listed SOL treasury just minted the first perpetual preferred equity tied to Solana staking economics, with Tom Lee in the book and a 13% dividend that reframes the corporate-treasury…
The move exposes a growing tension in crypto treasury stocks: reverse splits paper over dilution while the authorized share count signals the real playbook.
The treasury now exceeds the combined SOL holdings of the next three largest publicly traded Solana treasuries, a concentration move that positions Forward as the corporate proxy vehicle for SOL…
Nearly the entire $109M loss traces to a single line — $92.3M of unrealized digital-asset write-downs — exposing the volatility of equity-style exposure to a $SOL treasury strategy.