The post Real-Estate Software Firm Acquires Solana Validator for $3.5M appeared on BitcoinEthereumNews.com.

Fintech DeFi Development Corporation, a publicly traded real-estate software firm and significant accumulator of Solana (SOL), has announced an agreement to acquire a Solana validator business for a total purchase price of $3.5 million. The acquisition will be funded through a $3 million restricted stock offering and $500,000 in cash. According to a press release issued today, the acquired Solana validator business held an average delegated Solana stake of approximately 500,000 SOL. At the time of writing, this stake was valued at around $75.5 million. The acquisition will enable DeFi Development Corp. to directly self-stake its existing Solana holdings, allowing the company to earn staking rewards without relying on external validators. Furthermore, DeFi Development Corp. will fully absorb all Solana staking rewards generated by the acquired validator business. Parker White, Chief Investment Officer and Chief Operations Officer of DeFi Development Corp., emphasized the strategic importance of the acquisition. In a statement, White said, “This acquisition doesn’t just add a new line of protocol-native cashflow, it amplifies our alignment with the infrastructure underpinning tomorrow’s decentralized economy. Owning and operating validators with significant delegated stake puts us at the core of Solana — while furthering our mission of effectively accumulating SOL to deliver superior risk-adjusted returns relative to holding SOL directly.” This move by DeFi Development Corp., a company with roots in real-estate software, to acquire a significant Solana validator operation highlights the growing convergence of traditional industries with the cryptocurrency and blockchain space. By becoming a direct participant in the Solana network’s infrastructure, DeFi Development Corp. aims to generate additional revenue streams and deepen its commitment to the Solana ecosystem. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work…

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Filed under: News - @ May 5, 2025 7:22 pm