DeFi Development (NASDAQ: DFDV) has announced the acquisition of 999,999 Solana (SOL) and SOL equivalents, boosting its treasury to approximately $181 million. Between July 14 and July 20, the company purchased 141,383 SOL at an average price of $133.53, totaling around $19 million. This acquisition includes both spot purchases and discounted locked SOL. The company's SOL holdings increased by 142,250, with 867 SOL earned through staking and on-chain activities. DeFi Development plans to hold the newly acquired SOL long-term and stake it to various validators, including its own, to generate yield. Additionally, the company raised $19.2 million through its Equity Line of Credit facility, with $5 million allocated for future SOL purchases. Following the announcement, DeFi Development's stock rose 11.2%, trading at $27.14 premarket on Monday.