DeFi Development increased its holdings by 181,303 SOL, bringing its total holdings value to $218 million

Nasdaq-listed company DeFi Development (DFDV) announced on Tuesday that it has increased its Solana (SOL) holdings to about 1.18 million coins, worth about $218 million. According to the company's press release, DFDV purchased 181,303 SOL tokens at an average price of $155.33 during the period from July 21 to 28. The acquisition was mainly financed through its $5 billion credit line, with the company issuing about 975,000 new shares this week to raise $20 million.