Sol Strategies, a Canadian publicly traded company focused on investing in and supporting the Solana blockchain ecosystem, has significantly expanded its presence in the staking industry with its latest validator acquisition.
On March 17, 2025, Sol Strategies completed the acquisition of three key Solana validators, including Laine and the validator analytics platform Stakewiz.com.
With the acquisition, Sol Strategies has successfully integrated Laine’s validator network, a well-respected staking service known for its reliability and performance.
Additionally, the company now owns and operates Stakewiz.com, a platform that provides real-time validator insights, analytics, and transparency for delegators.
To further bolster its leadership, Sol Strategies has appointed Michael Hubbard as Chief Strategy Officer.
With deep expertise in the Solana ecosystem, Hubbard is expected to spearhead new strategic initiatives and cultivate high-value partnerships.
Sol Strategies’ Expanded Validator Operations
As a result of this acquisition, Sol Strategies has seen a remarkable increase in its total staked Solana (SOL).
As of March 15, 2025, the company’s total staked SOL surged to 3,351,617 SOL, representing a 102% increase from March 3, 2025.
The validator operations now include 1,505,399 SOL on the newly acquired Laine validator, valued at over $188 million, and 690,571 SOL on the Cogent Crypto validator, worth over $86 million.
Additionally, 682,488 SOL is staked on the Orangefin Ventures validator, representing over $85 million. In comparison, 473,159 SOL is allocated to Sol Strategies’ proprietary validator, valued at $59 million, of which the company directly delegates 264,275 SOL.
The acquisition terms reveal that Sol Strategies paid $24.5 million for the validators, utilizing a mix of cash, common shares, and warrants.
The breakdown includes $3.5 million in cash, 5 million common shares at $2 per share at closing, another 5 million shares issued on the one-year anniversary, and 4.5 million common share purchase warrants.
The shares and warrants are subject to a four-month lock-up period, ensuring stability in the transition.
Notably, Leah Wald, CEO of Sol Strategies, emphasized the strategic significance of this acquisition, stating:
“This acquisition represents a pivotal step forward for Sol Strategies, enhancing our business across three critical dimensions.”
The three dimensions include the integration of Laine’s validator, Stakewiz.com, and the addition of Michael Hubbard.
A Pattern of Expansion: Sol Strategies’ Dominating Sol Staking
This latest acquisition builds on Sol Strategies’ recent moves to deepen its involvement in the Solana ecosystem. Before acquiring these validators, the company had steadily increased its SOL holdings and staking operations.
On February 20, 2025, Sol Strategies acquired 12,456 SOL for $2.66 million, bringing its total holdings then to 226,798 SOL valued at $47.51 million.
Further enhancing its position, Sol Strategies was selected as an approved staking provider for Tetra Trust, Canada’s first licensed digital asset trust company.
This partnership enables institutional clients, including those linked to 3iQ’s upcoming Solana Staking ETF, to leverage Sol Strategies’ validator infrastructure.
Through Tetra’s custody platform, Sol Strategies offers institutional clients secure and efficient staking solutions, aligning with the growing demand for regulated crypto investment vehicles.
Sol Strategies’ acquisition strategy has been evident over the past few months. Between January 31 and February 7, 2025, the company acquired 24,374 SOL for $5.05 million.
With the acquisition of Laine and Stakewiz.com, Sol Strategies is expanding its infrastructure and ensuring it will remain a leader in Solana’s staking solutions provider.
Their recent acquisitions and partnerships show how institutional staking on Solana is gaining traction, and Sol Strategies is leading the charge.
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