DeFi Development agrees to acquire a Solana verification node for $3.5 million

On May 5th, according to The Block, DeFi Development Corporation, a real estate software company and SOL asset accumulator, has agreed to acquire a Solana verification node for $3.5 million. This acquisition will be completed through a restricted stock issuance of $3 million and a cash payment of $500000. The average number of SOL entrusted pledges managed by this Solana validator business is about 500000, valued at approximately $75.5 million at current prices. After the acquisition is completed, DeFi Development Corp. will be able to stake its SOL holdings on its own and receive all Solana staking rewards from the company.