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DeFi Development Corp. — Q3 2026 Earnings Summary

  • Net asset value (NAV) per share increased over 300% and SOL per share (SPS) rose more than 20% between August 12 and September 30, 2026, while total SOL holdings grew approximately 10% to 2,549,137 by September 30 and 13% to 2,609,829 by November 9.
  • SOL-denominated borrowings declined approximately 13% from 562,000 to 487,000 SOL, and liquid assets (cash, stablecoins, and marketable securities) more than doubled between June 30 and September 30, 2026.
  • The company launched CHAD (Nasdaq: CHAD), a perpetual capital vehicle that reached its $10 par value in 48 days, with the annual dividend rate increased to 14% effective November 2, 2026.
  • Management intends to scale CHAD issuance to grow SOL holdings without issuing common shares, noting nine consecutive weeks of SOL purchases leading into November 2026.
Company
DEFI DEVELOPMENT CORP
Sector
Financial Services
Industry
Asset Management