DeFi Development has agreed to acquire a Solana validator node for $3.5 million.

BlockBeats News, May 5th, According to The Block, real estate software company and SOL asset accumulator DeFi Development Corporation has agreed to acquire a Solana validator node for $3.5 million. The acquisition will be completed through a $3 million issuance of restricted stock and a $500,000 cash payment.

The Solana validator business on average hosts approximately 500,000 SOL staked, valued at around $75.5 million at current prices. After the acquisition is completed, DeFi Development Corp. will be able to independently stake the SOL it holds and receive all of the company's Solana staking rewards.