[Solana Treasury's DeFi Development plans to issue up to $20 million in perpetual preferred stock, with proceeds to be used for increasing holdings of SOL and crypto assets] According to Golden Finance, on September 1, Solana Treasury's subsidiary DeFi Development Corp. proposed a public offering of up to $20 million in Class C floating-rate perpetual preferred stock. DFDV plans to use the proceeds from this issuance to further purchase SOL and other cryptocurrency-related investments.