DeFi Development Corp announced its intention to purchase a Solana validator business for 3.5 million USD, holding an average delegated stake of 500,000 SOL valued at 75.5 million USD.
This acquisition strategy permits DeFi Development Corp to self-stake its SOL holdings, claiming staking rewards as part of its revenue, and aims to boost the company’s treasury strategy.
After the announcement, SOL maintained a price above 145 USD. Currently, DeFi Development Corp holds 317,273 SOL worth approximately 47.9 million USD.
Leave a Reply