**[DeFi Development Authorized to Launch CHAD Preferred Stock Buyback Program]** According to a report by Jinse Finance, on October 6, Nasdaq-listed company DeFi Development Corp. authorized the launch of the CHAD preferred stock buyback program, allowing the company to repurchase all issued CHAD preferred shares in the future, including shares that may be issued later. The program enables the company to flexibly conduct buybacks when the CHAD stock price falls below its $10 par value per share. The Solana treasury company stated that there are currently no plans to repurchase CHAD shares, as it aims to first establish liquidity for the security in the market and stabilize its price at or near the $10 par value. This indefinite authorization adds a potential capital allocation tool to DeFi Development's (DFDV) existing $300 million CHAD ATM issuance program. The company previously announced plans to raise funds through this program to further purchase SOL. On October 1, the company paid the first dividend for CHAD.