Sol Strategies has acquired three Solana validators, including Laine and Stakewiz.com.
As staking for institutions becomes more popular, Sol strategies’ recent validator acquisitions and new leadership point to a shift toward consolidation in the Solana ecosystem. The company’s growing infrastructure shows its strong commitment to Solana.
Sol strategies, a Canadian public company focused on Solana investments, has expanded its role in staking with its recent acquisitions. On March 17, 2025, it purchased three key Solana validators, including Laine and Stakewiz.com..
With this acquisition, Sol strategies has taken over Laine’s validator network, which is known for being reliable and high-performing. It also now owns and manages Stakewiz.com, a platform offering real-time analytics, insights, and transparency for people who delegate their SOL.
To further strengthen its team, Sol strategies has brought in Michael Hubbard as Chief Strategy Officer. As an expert in the Solana ecosystem, Hubbard will lead new strategies and build valuable partnerships.
Sol Strategies’ Expanded Validator Operations
Thanks to this acquisition, Sol strategies has significantly increased its total staked Solana (SOL). By March 15, 2025, their staked SOL reached 3,351,617 SOL, marking a 102% rise since March 3, 2025.
The newly acquired validators contributed to this growth. The Laine validator now holds 1,505,399 SOL worth over $188 million, while the Cogent Crypto validator manages 690,571 SOL valued at $86 million. Additionally, the Orangefin Ventures validator stakes 682,488 SOL worth $85 million. Sol Strategies’ own validator handles 473,159 SOL (valued at $59 million), with the company directly delegating 264,275 SOL.
Sol strategies spent $24.5 million on this acquisition, using a mix of cash, shares, and warrants. This included $3.5 million in cash, 5 million common shares priced at $2 each at closing, another 5 million shares issued after one year, and 4.5 million share purchase warrants. These shares and warrants have a four-month lock-up period to ensure a smooth transition.
Leah Wald, the CEO, highlighted this acquisition as a crucial move for the company, focusing on three key improvements: integrating the Laine validator, Stakewiz.com, and adding Michael Hubbard to the team
A Pattern of Expansion: Sol strategies’ Dominating Sol Staking
Sol Strategies recently made moves to strengthen its role in the Solana ecosystem. The company increased its SOL holdings and staking activities even before acquiring new validators.
On February 20, 2025, they bought 12,456 SOL for $2.66 million, bringing their total holdings to 226,798 SOL, worth $47.51 million at that time.
To boost their position further, Sol strategies became an approved staking provider for Tetra Trust, Canada’s first licensed digital asset trust company. This partnership allows institutional clients, including those connected to 3iQ’s upcoming Solana Staking ETF, to use Sol Strategies’ staking infrastructure.
Through Tetra’s custody platform, the company offers secure and efficient staking solutions to institutional clients, meeting the growing demand for regulated crypto investments.
In the past few months, Sol strategies has made several acquisitions. Between January 31 and February 7, 2025, they purchased 24,374 SOL for $5.05 million. Additionally, they acquired Laine and Stakewiz.com to expand their infrastructure and reinforce their position as a leading provider of staking solutions for Solana.
These recent efforts highlight how institutional staking on Solana is gaining popularity, with Sol Strategies leading the way.