DeFi Development Corp. (Nasdaq: DFDV), a company focused on building a Solana (SOL) treasury, has announced a private offering of convertible senior notes initially set at $100 million and later upsized to $112.5 million. The notes, due in 2030 and priced at an interest rate of 5.5%, are being issued under Rule 144A. Proceeds from the offering are intended to fund the acquisition of additional SOL tokens and to repurchase company stock through a prepaid forward agreement that allows investors to hedge their risk. As part of its ongoing treasury strategy, DeFi Development Corp. has recently acquired an additional 17,760 SOL, bringing its total Solana holdings to approximately 640,585 SOL, valued at about $98.1 million. The company has previously secured a $5 billion credit line to continue expanding its SOL holdings over the coming years. The convertible note offering and stock repurchase plan underscore DeFi Development Corp.'s commitment to increasing its Solana treasury and enhancing shareholder value ahead of anticipated Solana ETF launches.