Estimated weekly CHAD fundraising amount that can purchase over 3,500 Solana

DeFi Development Corp.'s Nasdaq-listed Series C variable-rate perpetual preferred stock, CHAD, was estimated to have raised roughly enough capital this week to purchase more than 3,500 SOL, averaging about 700 SOL-equivalent per day, according to Bitcoin Treasuries' conversion. The figures reflect a SOL-equivalent translation of proceeds rather than actual purchases or an increase in the company's holdings, and the outlet had previously reported a day's raise sufficient for over 1,170 SOL. CHAD is not a Solana token, and holding it does not give investors direct ownership of the company's SOL. The estimate matters as a gauge of how much capital the preferred offering is drawing and its potential to fund SOL accumulation. What to watch next is whether DeFi Development Corp. converts those proceeds into actual SOL purchases and discloses corresponding holdings.