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The Block (@TheBlockCo): THE BLOCK: DeFi Development Corp. priced its CHAD preferred stock IPO at $8 per share, selling 1.375 million shares to raise $11 million in gross proc…

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THE BLOCK: DeFi Development Corp. priced its CHAD preferred stock IPO at $8 per share, selling 1.375 million shares to raise $11 million in gross proceeds. $DFDV The Series C perpetual preferred stock will carry an initial 13% annual dividend rate, with proceeds earmarked for general corporate purposes, including additional $WSOL purchases and other digital-asset investments.

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