DeFi Development agrees to acquire a Solana verification node for $3.50 million

DeFi Development Corporation, a real estate software company and SOL asset accumulator, has agreed to acquire a Solana verification node for $3.50 million. The acquisition will be completed through a restricted stock offering of $3 million and a cash payment of $500,000.
The Solana Validator business has an average of about 500,000 SOL pledges in custody, which is valued at about $75.50 million at current prices. Upon completion of the acquisition, DeFi Development Corp. will be able to pledge its SOL holdings and receive all of the company's Solana pledge rewards.