DeFi Development Corp. (Nasdaq: DFDV), a treasury management firm focused on Solana (SOL), has announced and completed a $112.5 million private placement financing transaction through the issuance of convertible senior notes priced at 5.5% due 2030. The proceeds from this deal are intended to support the company’s strategy of acquiring more SOL tokens and repurchasing stock. Approximately $75.6 million of the funds are allocated to a prepaid forward stock deal that allows investors to hedge risk, while the remainder will be used for additional SOL purchases and corporate growth. As of early July 2025, DeFi Development Corp. holds over 640,000 SOL tokens, valued at around $98 million. The company recently acquired an additional 17,760 SOL at an average price of about $153.10 per token, further increasing its holdings and reinforcing its commitment to building a substantial Solana treasury.