Mars Finance News, 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 validator node for $3.5 million. This acquisition will be completed through a $3 million restricted stock issuance and a $500,000 cash payment. The Solana validator business has an average of approximately 500,000 SOL delegated for staking, valued at around $75.5 million at current prices. After the acquisition, DeFi Development Corp. will be able to stake its SOL holdings independently and receive all of the company's Solana staking rewards.
DeFi Development agrees to acquire a Solana validator node for $3.5 million
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
