Sol Strategies Acquires Laine, Nearly Doubling Solana Stake to 3.3 Million
Solana-focused holding company Sol Strategies has acquired Laine, the 65th largest validator on the Solana network, adding 1.5 million delegated staked SOL to its existing 1.8 million, nearly doubling its position.
Key points include:
- Sol Strategies has purchased three Solana validator operators since its pivot into Solana in September.
- A governance vote is expected to approve a significant cut to Solana validator revenue.
- Sol Strategies operates similarly to Michael Saylor's Bitcoin strategy, providing regulated access to Solana for investors via stock purchases.
- Laine's founder, Michael Hubbard, becomes chief strategy officer at Sol Strategies and brings access to stakewiz.com.
- A proposal (SIMD-0228) to shift Solana to a market-based inflation mechanism is gaining support, with 72% of validator votes in favor.
- The potential approval of Solana ETFs may lead to institutional inflows, reinforcing demand for staking services.
Wald from Sol Strategies indicated that these developments could solidify their leading position as a publicly traded Solana company, leveraging both organic growth and strategic acquisitions.