TechFlow news, on May 5, according to The Block, real estate software company DeFi Development Corp announced it will acquire a Solana validator business for $3.5 million, consisting of $3 million in restricted stock issuance and $500,000 in cash.
The validator business currently manages approximately 500,000 SOL in delegated staking volume, worth around $75.5 million at current prices. This acquisition will enable DeFi Development Corp to self-stake its held SOL and earn corresponding staking rewards. As of May 1, DeFi Development Corp held 317,273 SOL, valued at approximately $46.2 million.
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