Solana
Solana treasury DeFi Development authorizes CHAD preferred stock buyback program
The Block·October 6, 2026·1 min read
Solana treasury firm DeFi Development approved an open-ended program to repurchase CHAD preferred stock if it trades below its $10 par value. The buyback aims to support the stock's price, reflecting the firm's confidence in its financial position. This move aligns with similar corporate actions in traditional markets.
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