🚨#DeFi Development Corp #Acquires Solana Validator Business for $3.5M

🔹Acquisition Details: DeFi Development Corp (formerly Janover) is #buying a Solana validator business for $3.5 million — funded with $3M in restricted stock and $500K in cash.

🔹Strategic Move: This allows the firm to self-stake its SOL holdings and directly collect staking rewards.

🔹Validator Strength: The acquired validator manages around 500,000 SOL, worth about $75.5M at current market value.

🔹$SOL Holdings: As of May 1, the company holds 317,273 SOL (~$46.2M).

🔹Corporate Pivot: Recently rebranded from a real estate software provider, the firm aims to be the "Strategy of Solana," echoing MicroStrategy's BTC playbook.

This deal positions DeFi Dev Corp to further capitalize on protocol-native income within the Solana ecosystem.