Sol Strategies Brings Total Staked $SOL to 3.3M in Laine Validator Acquisition

Sol Strategies, a publicly traded Canadian company operating a network of Solana validators, has made another huge step in its quest to bridge the gap between TradFi and the Solana ecosystem.

In a $35M CAD deal, Sol Strategies has acquired Laine, one of Solana’s most reputable validators. Sol Strategies’ acquisition of the Laine validator also extends to ownership of Stakewiz, a popular Solana staking research and analysis platform.

The Laine purchase marks Sol Strategies third acquisition in the last six months, indicating the firm is eager to rapidly expand its influence across the network.

Sol Strategies Acquires Laine, StakeWiz in $35M CAD Deal

On March 10, Sol Strategies announced its acquisition of Laine, a popular Solana staking provider boasting over 1.5M delegated $SOL. The acquisition brings Sol Strategies' total stake up to an impressive 3.3M $SOL, an increase of 101% since February 28, 2025. Sol Strategies network stake now constitutes 0.86% of all staked $SOL.

Through its third acquisition in six months, Sol Strategies' rapid expansion aims to scale its validator business and enhance its infrastructure. Amidst growing TradFi interest in Solana staking, Sol Strategies is eager to establish itself as a leader in institutional-grade staking solutions.

Valued at $35M CAD, the acquisition deal is comprised of a combination of cash and Sol Strategies common shares and warrants. According to Sol Strategies' press release, this includes $5M CAD in cash or stablecoins and 5M common shares for $3 per share.

Despite the announcement, markets have not been kind to Sol Strategies share price. Tradingview data indicates that $HODL is down over 27% in the last 24 hours, reflecting a $4.15M CAD loss in market value since the closure of the deal.

Laine’s Michael Hubbard Named Sol Strategies CSO

Alongside the acquisition of Laine’s validator and the Stakewiz research and analysis platform, Sol Strategies also welcomes Laine founder Michael Hubbard as its new Chief Strategy Officer.

In his new role, Hubbard will spearhead the direction of Sol Strategies’ validator operations, focusing primarily on the firm’s growth and efficiency. Sol Strategies asserts that Hubbard’s experience and expertise will be essential to accelerating the development of new staking solutions that meet the demands of institutional firms and ecosystem participants alike.

“Michael’s appointment as our Chief Strategy Officer represents a transformative addition to our leadership team. Beyond his technical expertise in validator operations, Michael brings strategic vision that will accelerate our growth initiatives and enhance our value proposition. His proven ability to identify emerging opportunities within the Solana ecosystem will be instrumental as we execute our growth strategy and develop proprietary technologies that address the evolving needs of institutional stakers. Michael’s integration strengthens our competitive positioning and reinforces our commitment to building best-in-class Solana infrastructure.” - Leah Wald, Sol Strategies CEO

Through its acquisition, Laine joins fellow Solana validators Cogent and Orangefin Ventures as part of the Sol Strategies empire. Beyond accumulating delegated stake, Sol Strategies is evidently trying to onboard as many experts to its team as possible.

In his new position, Michael Hubbard will partner with Orangefin Ventures founder and Sol Strategies Head of Staking Max Kaplan, another respected figure in Solana’s staking scene.

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