According to CoinMeta, DEFI Development Corp, which is listed on NASDAQ, has approved a preferred stock repurchase plan for CHAD with the aim of maintaining its stock price and supporting its SOL share acquisition strategy. The company's primary goal is to bring CHAD back to its $10 par value, and this authorization adds capital allocation tools to the existing $300 million in CHAD ATM. The company paid its first dividend on CHAD on October 1st, with NAV per share more than doubling in the third quarter, and the Solana treasury increased to 2.56 million SOL in the past week.