According to Mars Finance news, on August 25, the US stock market SOL treasury company DeFi Development Corp (DFDV) announced today that it has signed a final agreement to conduct a $125 million equity financing at a price of $12.50 per share. The transaction is expected to be completed on Thursday, August 28, 2025, subject to customary closing conditions. According to the terms of the subscription agreement, the company will sell a total of approximately 4.2 million shares of common stock (purchase price of $12.50 per share), as well as warrants for a total of approximately 5.7 million shares of common stock (purchase price of $12.4999 per share, exercise price of $0.0001 per share). The consideration for this issuance will take the form of cash combined with locked SOL, further strengthening DFDV's strategy to maximize the increase in each share of Solana holdings (SPS). The net funds raised will be used to increase the holdings of spot SOL and discounted locked SOL, thereby expanding the treasury asset size.