Sol Strategies, focusing on Solana expansion, announced acquiring Laine validator, doubling its stake from 1.8 to 3.3 million SOL.
Acquisition of Laine Validator
Sol Strategies' latest acquisition of Laine, Solana's 65th largest validator, brings an additional 1.5 million delegated SOL to its existing 1.8 million, nearly doubling its validator ecosystem stake in Solana.
Appointment of Michael Hubbard
Laine's founder, Michael Hubbard, was appointed as Sol Strategies' chief strategy officer. His transition, confirmed via LinkedIn, indicates an opportunity to amplify his impact within the ecosystem.
SIMD-0228 Proposal Vote
With 72% of votes in favor, the SIMD-0228 proposal to adjust the inflation mechanism is nearing approval. Despite potential revenue reduction for validators, Sol Strategies' CEO remains optimistic, seeing ongoing demand for SOL staking amidst potential Solana ETF approvals.
As Sol Strategies continues its expansion, it solidifies its leadership role in Solana's ecosystem with strategic acquisitions and increased validator presence.
