DeFi Development Corp. (Nasdaq: DFDV), a publicly traded company focused on building a Solana (SOL) treasury, has announced multiple private placements and acquisitions to expand its SOL holdings. Initially proposing a $100 million convertible note offering, the company later disclosed a $112.5 million private placement deal with notes priced at 5.5% due 2030, allocating approximately $75.6 million to purchase SOL tokens. DeFi Development Corp. has steadily increased its SOL holdings, acquiring over 846,000 SOL valued at around $133 million as of mid-July 2025, making it the largest public holder of Solana. The company has also staked over 83,000 SOL worth $12.2 million via its dfdvSOL liquid staking token. In addition to accumulating SOL, DeFi Development Corp. plans to repurchase its stock and has issued guidance projecting one SOL per share by 2028. The firm is expanding globally through its Treasury Accelerator franchise model to build public SOL treasury vehicles in five new regions, with support from notable crypto investors and firms including Kraken, Pantera Capital, and Arrington Capital. DeFi Development Corp. is recognized as the first non-Bitcoin treasury company to provide such forward-looking guidance on SOL holdings.