Solana Defies Market Jitters as DeFi Development Corp Moves to Snag Key Validator Node
Solana’s price holds firm amid sector volatility—just as DeFi Development Corp quietly positions itself to control a critical piece of the network’s infrastructure.
Behind the validator grab: A play for influence (and maybe yield) as institutional players keep pretending they ’believe in decentralization.’
Closing thought: Nothing screams ’trustless finance’ like hedge funds buying up the plumbing.
DeFi Development Corp set to begin staking SOL following validator purchase
DeFi Development Corporation is finalizing plans to acquire a Solana validator business for $3.5 million, according to a press release on Monday. The validator holds an average delegated stake of 500,000 SOL, valued at $75.5 million. Once the payment is finalized, the company intends to rebrand the validator under its name.
Alongside the rebrand, all staking rewards will be funneled directly into DeFi Development Corp’s revenue, and the firm will gain the ability to self-stake its Solana holdings. DeFi Development Corp claims that the purchase will help boost its treasury strategy while expanding its role in the Solana ecosystem.
“Owning and operating validators with significant delegated stake puts us at the CORE of Solana - while furthering our mission of effectively accumulating SOL to deliver superior risk-adjusted returns relative to holding SOL directly,” said Parker White, CIO and COO of DeFi Development Corp.
DeFi Development Corp currently holds 317,273 SOL valued at approximately $47.9 million. The company began acquiring Solana early in April following a change in its leadership, which led to a shift in its treasury strategy to focus more on SOL holdings.
The company has executed back-to-back Solana purchases, setting a precedent for other firms looking to add SOL to their corporate treasuries.
SOL/USDT daily chart
Despite recent declines among major cryptocurrencies, SOL held steady at $146 following the announcement. The altcoin is testing the $147 resistance after recording a rejection NEAR the 100-day Simple Moving Average.
The Relative Strength Index (RSI) is above its neutral level while the Stochastic Oscillator (Stoch) declined below its midline, indicating weakening bullish momentum and a potential price decline.
