Sol Strategies has signed an agreement to acquire three Solana validators, including the Laine Solana validator, and stakewiz.com. This move strengthens its position in the Solana staking ecosystem. Laine, known for its reliability and contributions, had 1.5 million SOL (CAD $317 million) staked as of March 6, 2025.
This acquisition significantly increases Sol Strategies’ validator operations. Once completed, its total staked SOL will rise to 3.3 million SOL (CAD $706 million), a 101% increase since Feb. 28, 2025. The company aims to enhance its staking infrastructure and provide institutional-grade solutions for Solana users.
The acquisition is valued at CAD $35 million. Sol Strategies will pay CAD $5 million in cash or stablecoins at closing. The deal also includes 5 million common shares issued at $3.00 per share and another 5 million shares to be issued after one year at the same price.
Additionally, 4.5 million common share purchase warrants will be granted, exercisable at $2.98 per share over 36 months. All issued shares will have a four-month lock-up period.
Sol Strategies gains full ownership of validator assets
Sol Strategies will gain full ownership of the acquired validators and related assets. No finders’ fees apply, and the acquisition remains subject to standard closing conditions.
As part of this expansion, the founder of Laine, Michael Hubbard, joins Sol Strategies as Chief Strategy Officer. He brings expertise in validator operations and blockchain infrastructure. His work on Stakewiz.com has provided key insights into Solana staking and validator performance.
Hubbard will lead the company’s strategic direction, focusing on growth and innovation. His experience will support the transition of Laine’s assets and the development of next-generation staking solutions. His addition strengthens Sol Strategies’ role in the Solana ecosystem.
