DeFi Development Corp. (Nasdaq: DFDV) has been actively expanding its Solana (SOL) holdings through multiple acquisitions funded by convertible note offerings. Initially announcing a $100 million convertible note offering to purchase SOL and repurchase stock, the company raised $112.5 million in notes priced at 5.5% due 2030, allocating $75.6 million to SOL acquisitions. Over several transactions, DeFi Development Corp. increased its SOL treasury from approximately 621,000 tokens valued at $92 million to nearly 1 million SOL, with the latest reported total at 999,999 SOL worth around $192 million. Notable purchases include 17,760 SOL worth about $2.7 million, 47,272 SOL, 153,225 SOL, and 141,383 SOL valued at $19 million acquired between July 14 and July 22, 2025, at an average price of $133 per SOL. The company’s SOL treasury is now the largest among publicly traded firms. Additionally, DeFi Development Corp. has raised a $5 billion credit line to facilitate further SOL acquisitions and plans to accelerate buying through the launch of the DFDV Treasury Accelerator, aimed at developing more SOL treasury vehicles globally. The company also supports staking activities, with over 83,000 SOL staked via its dfdvSOL liquid staking token, representing $12.2 million in value.