[Market Movement Analysis] DefiDevelopment surged on September 17: SOL treasury expansion + CHAD fundraising

1. On September 14, the company disclosed that as of September 11, its holdings of SOL and equivalent assets had increased to 2,388,923 tokens, an increase of 55,491 tokens or 2% compared to August 27; the company plans to utilize SOL through staking, validator nodes, and on-chain treasury infrastructure.
2. On September 14, the company launched a $300 million CHAD Series C perpetual preferred stock market issuance plan, intending to issue the shares at no less than $10 per share. The proceeds will mainly be used to further purchase SOL; this financing arrangement provides a funding channel for expanding its Solana treasury.

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