DeFi Development Boosts SOL Treasury to $263M via Staking, Debt Raise

- SOL treasury reaches $263 million with 1.42 million tokens after $22 million acquisition - $122.5 million convertible debt secured at 5.5% interest, maturing 2030 - Staking operations generate 10% annual yield, producing ~$63,000 daily revenue DeFi Development Corp., a Solana-focused digital asset treasury formerly known as real estate tech firm Janover, has expanded its SOL holdings to approximately 1,420,173 tokens valued at $263 million, The Block reported on Friday, August 15, 2025. The milestone follows the company's acquisition of 110,000 SOL at an average price of $201.68, representing a $22 million investment that underscores its aggressive Solana accumulation strategy alongside competitors Upexi and Sol Strategies. The expansion was funded through a $122.5 million convertible debt raise completed in July, carrying a 5.5% annual interest rate and maturing in 2030. The notes feature a 10% conversion premium to the July 1, 2025 closing price of $21.01, providing flexible capital for future SOL purchases while reinforcing the company's position in Solana's decentralization infrastructure. Beyond acquisitions, DeFi Development's revenue model centers on staking and validator operations, which the company reports generate an Annualized Organic Yield (AOY) of 10%. Based on its 1.3 million SOL staking base, this translates to approximately $63,000 in daily SOL-denominated revenue, creating a sustainable income stream similar to Bitcoin mining operations. According to the latest data, Solana (SOL) is trading at $185.459 as of 17:08 UTC on August 15. The coin's 24-hour trading volume has declined by 3.922%.