DeFi Development Announces Treasury Balance Increases By 3,983 SOL And SOL Equivalents Over The Past Week, Bringing Total Holdings To ~2,590,266 SOL And SOL Equivalents

Solana’s October 21 upgrade targets near-instant transaction finality as tokenization accelerates

CHAD annual dividend rate to increase to 14%, effective November 2, 2026

BOCA RATON, FL, Oct. 19, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp. (NASDAQ:DFDV) (the "Company" or "DeFi Dev Corp."), the first U.S. public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today announced that its treasury balance increased by 3,983 SOL and SOL equivalents over the past week, bringing total holdings to approximately 2,590,266 SOL and SOL equivalents.

The update comes ahead of Alpenglow, a major upgrade to Solana’s consensus protocol scheduled to go live on October 21, 2026. The upgrade targets transaction finality of approximately 150 milliseconds, down from roughly 12.8 seconds, representing a significant advance in how quickly transactions become irreversible on the network.

CHAD Annual Dividend Rate Increasing to 14%, Effective November 2, 2026

The Company recently announced an increase in the annual dividend rate on its Variable Rate Series C Perpetual Preferred Stock ("CHAD") from 13.00% to 14.00%, effective November 2, 2026. The 13.00% annual rate remains in effect until that date.

"We believe Solana is entering a significant new growth cycle, with Alpenglow advancing the network’s capabilities and tokenization expanding its role in global finance," said Joseph Onorati, Chief Executive Officer of DeFi Dev Corp. "Raising CHAD’s annual dividend rate to 14% strengthens our income offering ahead of what we believe could be a major bull market for SOL. Our goal is to make CHAD more compelling for income investors while expanding our capacity to accumulate SOL for common shareholders."

The new rate represents annualized dividends of $1.40 per share, based on CHAD’s $10.00 stated amount—an approximately 7.7% increase in annual dividend income per share. Dividends are cumulative and payable each business day when, as and if declared by the Company’s Board of Directors.