SOL Strategies to Control Over 3.3 Million Staked SOL Following Major Validator Acquisition
Author: Content Editor
Canadian blockchain infrastructure firm Sol Strategies Inc. has signed a definitive agreement to acquire three Solana validators, including the prominent Laine validator, and the analytics site Stakewiz.com. This acquisition will double Sol Strategies' staked SOL to 3.3 million SOL (CAD $706 million) and solidify its position as a leading institutional staking provider in the Solana ecosystem. The deal, valued at CAD $35 million, will be paid in a mix of cash, common shares, and warrants. The move is expected to enhance Sol Strategies' infrastructure portfolio and improve its ability to provide performance insights and real-time staking data to users. Additionally, Michael Hubbard, founder of Laine, will join Sol Strategies as Chief Strategy Officer.
