- DeFi Development Corp is acquiring a major Solana validator for $3.5 million to boost revenue through staking rewards.
- SOL held steady above $145 following the announcement, showing resilience despite broader market weakness.
Solana (SOL) remained resilient above $145 on Monday, defying broader crypto market weakness, after DeFi Development Corporation announced a $3.5 million deal to acquire a prominent Solana validator business. The strategic move positions the firm to capitalize on staking rewards while deepening its involvement in the Solana ecosystem.
According to a press release, the validator business in question oversees an average delegated stake of 500,000 SOL, worth approximately $75.5 million at current market prices. Upon completion of the acquisition, DeFi Development Corp plans to rebrand the validator under its own name and channel all staking rewards directly into its revenue stream.
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The company emphasized that the deal will allow it to self-stake its current SOL holdings—totaling 317,273 SOL valued at roughly $47.9 million—and enhance its treasury strategy. “Owning and operating validators with significant delegated stake puts us at the core of Solana,” said Parker White, CIO and COO of DeFi Development Corp. “It furthers our mission to accumulate SOL and deliver superior risk-adjusted returns relative to simply holding the asset.”
This purchase marks the latest in a series of strategic moves by the firm, which began accumulating Solana in April following a leadership transition that shifted its treasury focus. By acquiring validator infrastructure, DeFi Development Corp is not only increasing its exposure to Solana but also setting a precedent for other firms considering staking as a revenue-generating strategy.
On the technical side, SOL traded at $146, just shy of testing resistance at $147. While the Relative Strength Index (RSI) remains above neutral, suggesting some bullish strength, a dip in the Stochastic Oscillator signals fading momentum and the possibility of short-term price softness.
Despite market volatility, Solana’s performance—and institutional interest like this validator acquisition—underscores growing confidence in its long-term prospects within the DeFi space.