DeFi Development, a Nasdaq-listed company, has expanded its Solana (SOL) holdings to 999,999 tokens, valued at approximately $190 million. The company acquired 141,383 SOL between July 14 and July 20 for around $19 million, at an average price of $133.53 per coin. These holdings are staked on-chain, enhancing Solana's proof-of-stake network security and generating yield. This acquisition aligns with Solana's recent price surge, which has seen the cryptocurrency surpass $200 for the first time since March, marking a 52% increase over the past month. Currently, SOL is valued at $202.39, ranking as the fifth-largest cryptocurrency by market value. DeFi Development, previously known as Janover, initiated its digital assets strategy in April with an initial purchase of 2,858 SOL tokens.