Sol Strategies, a Solana-focused holding company, has acquired Laine, Solana's 65th largest individual validator, boosting its staked SOL by 1.5 million to nearly 3.3 million. This acquisition marks Sol Strategies' third validator purchase since September, all occurring amid a prospective governance vote that may slash Solana validator revenues. Publicly traded in Canada, Sol Strategies provides investors regulated access to Solana, while its stock might appeal particularly to U.S. investors given the inavailability of SOL ETFs in their markets. As part of the acquisition, Laine’s founder, Michael Hubbard, joins as the chief strategy officer, furthering initiatives like shifting Solana to a market-based inflation mechanism. Currently, 72% of validator votes are supporting this inflation proposal, with expectations that it will not diminish the demand for SOL staking. CEO Leah Wald views these developments as opportunities for growth, asserting that both organic and strategic acquisition paths will cement their leading position in the Solana ecosystem.

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