Solana-focused holding company Sol Strategies has acquired Laine, Solana's 65th largest individual validator, nearly doubling its position to 3.3 million delegated staked SOL. This acquisition comes as a cut to Solana validator revenue looks set to be approved through a governance vote. Sol Strategies is a publicly traded company in Canada, similar to Michael Saylor's bitcoin-buying strategy, and offers investors regulated access to Solana. The company has applied to be listed on the Nasdaq. Laine's founder, Michael Hubbard, has been hired as Sol Strategies' chief strategy officer, and the company will also gain access to stakewiz.com. The vote on the proposal to move Solana to a market-based inflation mechanism has a 72% approval rate among validators, including Laine's and Sol Strategies'. The approval of Solana ETFs has the potential to drive institutional inflows and reinforce demand for staking services.
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