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sol strategies to enhance staking operations with orangefin acquisition
Sol Strategies will manage 1,505,145 SOL after acquiring three validators from Orangefin Ventures for USD $6.5 million, expected to close in Q1 2025. The payment will include cash and shares, with a projected 9% annual yield on the managed SOL. Max Kaplan joins as Head of Staking to enhance operations.
Sol Strategies to Acquire Three Validators in Six Point Five Million Deal
Sol Strategies is set to acquire three Solana validators from Orangefin Ventures for USD $6.5 million, enhancing its staked SOL to over 1.5 million, valued at approximately CAD $406.8 million. This acquisition positions Sol Strategies as the 64th largest staking validator on the Solana network, aiming to solidify its leadership in blockchain infrastructure. Closing is anticipated in Q1 2025, pending regulatory approvals.
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