PANews reported on March 11 that SolStrategies announced that the company has signed a final agreement to acquire LaineSolana validator and Stakewiz.com to expand its infrastructure layout in the Solana ecosystem. Laine is an important validator of Solana, SUI and Monad networks. After the acquisition, SolStrategies' total staked SOL will increase to 3.3 million (about 706 million Canadian dollars), an increase of 101% from February 28.

The total transaction price is 35 million Canadian dollars, including 5 million Canadian dollars in cash or stablecoins, 5 million SolStrategies common shares (issue price $3.00), an additional 5 million shares after one year, and 4.5 million warrants (exercise price $2.98). All shares and warrants will be locked for four months after issuance.

Additionally, Laine founder Michael Hubbard will join SolStrategies as Chief Strategy Officer (CSO), responsible for driving validator business growth and developing next-generation staking solutions.