CryptoMediaClub
Monday, October 6, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Sol Strategies to Acquire 3 More Validators in $6.5m Deal, $400m Solana Staked for 9% APY

22.12.2024
A A
0
120
VIEWS
ShareShare

Sol Strategies (CSE: HODL) (OTC Pink: CYFRF), a publicly traded Canadian company actively investing in, supporting, and providing infrastructure for the Solana blockchain and ecosystem, is acquiring three Solana validators from Orangefin Ventures, a leader in high-performance blockchain infrastructure solutions.

In addition to the validators, Max Kaplan, founder of Orangefin Ventures and the former senior director of engineering at Kraken, will become Sol Strategies’ new head of staking.

After completing the Acquisition, Sol Strategies will have increased its staked SOL to 1,505,145 SOL (CAD $406,852,077) across its validator operations, of which Sol owns 142,801 SOL, at an approximate average of 9% annual percentage yield.

$400m worth of SOL staked across all Sol Strategies validators

Post-acquisition, Sol Strategies will manage the staked SOL across its validators as follows:

  • 193,790 SOL (CAD $52,382,903) on Sol Strategies’ proprietary validator, of which 142,684 SOL is delegated by the Company.
  • 677,136 SOL (CAD $183,034,982) on Sol Strategies’ recently acquired Cogent Crypto validator.
  • 634,219 SOL (CAD $171,434,192) on Sol Strategies’ recently acquired Orangefin Ventures’ Solana validator.

When the acquisition is completed, Sol Strategies will be the 64th largest staking validator on the Solana network according to Solana Beach data.

According to a company press release, this combined portfolio enhances Sol Strategies’ revenue streams, delivering predictable staking income and further solidifying its position as a leading infrastructure provider in the Solana ecosystem.

The cash and equity deal will be completed for a purchase price of USD$6,500,000 (approximately CAD $9.4 million).

Sol Strategies acquires a 100% ownership interest in the validators and all ancillary rights and assets required for the management of the validators. The acquisition also includes performance-based milestones that align the interests of the Orangefin Ventures team with those of Sol Strategies and its shareholders.

Solana DApp revenue has increased 15x in 2024, as it benefits from its adoption as the premier platform for launching meme coins.

Sol Strategies CEO Leah Wald: ‘Cementing our leadership position in blockchain infrastructure and validator operations’

“This acquisition marks a significant step forward in cementing our leadership in blockchain infrastructure and validator operations. Orangefin Ventures’ proven reliability, exceptional performance, and scale bring immediate value to our staking operations,” said Leah Wald, CEO of Sol Strategies.

Max Kaplan, newly appointed Head of Staking at Sol Strategies added:“I’m thrilled to be joining Sol Strategies to build on our shared vision of advancing Solana and blockchain infrastructure.

“Bringing Orangefin Venture’s technology into Sol Strategies’ business is an opportunity I am extremely excited and optimistic about. I look forward to continuing to innovate and build high-value products for participants and shareholders alike.”

Closing is expected in Q1 2025, subject to customary closing conditions, including regulatory approvals.

The post Sol Strategies to Acquire 3 More Validators in $6.5m Deal, $400m Solana Staked for 9% APY appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner
All news

Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

06.10.2025
0

On October 5th, Bitcoin surged sharply, returning to a recent high of approximately $125,000. This triggered a surge in forced...

Read moreDetails
From Tether to STBL: Reeve Collins Charts the Future of Stablecoins and Web3

From Tether to STBL: Reeve Collins Charts the Future of Stablecoins and Web3

06.10.2025
Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

06.10.2025
Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

06.10.2025
Morgan Stanley Wealth Unit Advises 2% to 4% Crypto Allocation In Portfolios

Morgan Stanley Wealth Unit Advises 2% to 4% Crypto Allocation In Portfolios

06.10.2025
Load More
Next Post
Michael Saylor’s MicroStrategy Adds Former Binance.US CEO Brian Brooks to Board

Michael Saylor’s MicroStrategy Adds Former Binance.US CEO Brian Brooks to Board

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Crypto Options Exchange Deribit’s Bitcoin Volatility Index Reaches Record Low: A Calm Ahead?

Crypto Options Exchange Deribit’s Bitcoin Volatility Index Reaches Record Low: A Calm Ahead?

2 years ago
New Base Meme Coin Base Dawgz Flies High with $2.2M in Presale, Poised to Lead the Next Meme Coin Bull Run?

New Base Meme Coin Base Dawgz Flies High with $2.2M in Presale, Poised to Lead the Next Meme Coin Bull Run?

1 year ago
Floki Rockets 55% In an Hour After Binance Listing Announcement

Floki Rockets 55% In an Hour After Binance Listing Announcement

2 years ago
North Korean Lazarus Group amasses over $40M in Bitcoin, data reveals

North Korean Lazarus Group amasses over $40M in Bitcoin, data reveals

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

Morgan Stanley Wealth Unit Advises 2% to 4% Crypto Allocation In Portfolios

Russian Central Bank to Launch ‘Large-scale Audit of Nation’s Crypto Holdings’

US Government Shutdown Crisis: Financial Market Turmoil Intensifies, But Investors Flock to H Mining

XRP Price Prediction: $3.12 Breakout or New Decline? What’s Next?

Solana Price Prediction: Why Slowing Network Growth Could Limit SOL’s Bullish Potential in the Short Term

Trending

Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner
All news

Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

06.10.2025
0

On October 5th, Bitcoin surged sharply, returning to a recent high of approximately $125,000. This triggered a...

From Tether to STBL: Reeve Collins Charts the Future of Stablecoins and Web3

From Tether to STBL: Reeve Collins Charts the Future of Stablecoins and Web3

06.10.2025
Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

06.10.2025
Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

06.10.2025
Morgan Stanley Wealth Unit Advises 2% to 4% Crypto Allocation In Portfolios

Morgan Stanley Wealth Unit Advises 2% to 4% Crypto Allocation In Portfolios

06.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz