SOL Strategies Inc., a publicly traded company based in Canada, made notable strides within the Solana ecosystem during March 2025. According to its latest operational update published April 7, the firm executed a series of strategic validator acquisitions, implemented key performance enhancements, and expanded its role in protocol governance—marking its most active month to date.
Validator Network Grows 102% Following $24M Acquisition
The firm’s most substantial move came via the $24 million purchase of three prominent Solana validators, including the high-performing Laine validator and the analytical platform Stakewiz.com.
The transaction, completed on March 17, resulted in a 102% increase in staked SOL, bringing total holdings to 3,351,617 SOL—valued at approximately $388 million at current market rates.
As part of the agreement, Michael Hubbard, founder of Laine, joined SOL Strategies as Chief Strategy Officer. Widely recognized for his technical expertise within Solana’s validator ecosystem, Hubbard is tasked with expanding the firm’s validator infrastructure and forging institutional partnerships.
Operational Metrics Show Strong Performance Gains
In addition to expanding its network, the firm posted solid validator metrics:
- 99.955% uptime across all validators
- 7.41% average APY for delegators—exceeding the Solana network average
These numbers highlight the firm’s focus on validator reliability and staking efficiency—key factors in long-term ecosystem participation.
Governance Involvement: Support for SIMD-228
SOL Strategies also engaged in protocol-level governance in March, formally voting in favor of SIMD-228—a proposal to reduce Solana’s inflation rate from 4.5% to 0.87%.
While the initiative failed to pass (garnering 61.4% approval, short of the required two-thirds), the firm’s participation illustrates its commitment to shaping sustainable tokenomics within Solana’s long-term roadmap.
“We view governance as a critical part of our infrastructure role,” the company noted.
