DeFi Corp Hits 999,999 SOL After $19M Investment

- DeFi Development Corp (DFDV) invests $19 million to acquire 141,383 SOL. - Company's total SOL treasury reaches 999,999, valued at approximately $181 million. On July 21, 2025, GlobeNewswire reported that DeFi Development Corp (DFDV) announced a major purchase. The company stated that between July 14 and July 20, it used $19 million from its $19.2 million equity line of credit to buy 141,383 SOL at an average price of $133.53. This purchase, a mix of spot acquisitions and discounted locked SOL, raised DFDV’s total holdings to 999,999 SOL, valued at approximately $181 million at the time. In addition, the company generated an additional 867 SOL through staking and other on-chain activities. DFDV's investment is part of a growing trend among public corporations to allocate resources to altcoin treasuries. For instance, Nasdaq-listed Upexi recently grew its SOL holdings to over 1.8 million, valued at more than $331 million. Similarly, on July 21, Mercurity Fintech Holding disclosed a $200 million equity line of credit from Solana Ventures to establish its own SOL reserves. This investment also reflects DeFi Development Corp’s strategic shift following its April 2025 acquisition by former Kraken executives. The company, previously known as Janover, now focuses on building and staking a Solana treasury and will use its validator infrastructure to generate yield. DFDV considers the newly acquired SOL a long-term asset that underpins its growth strategy. According to market data, Solana (SOL) was trading at $195.17 as of 19:14 UTC on July 21. Meanwhile, its 24-hour trading volume had increased by 6.5%.