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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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Strategic acquisition strengthens Sol Strategies' bid for SOLs - Cryptoeconomics
Validata network expansion: with the acquisition of Rain and the addition of a 1.5 million SOL mandate to its existing 1.8 million SOLs, Sol Strategies has nearly doubled its SOL count to 3.3 million SOLs.
Strategic leadership involvement: Rain founder Michael Hubbard joined the company as chief strategy officer; this is Validata's third acquisition since its move to #Solana in September 2024; Market and governance implications: the move coincided with the vote on Proposition SIMD-0228, strengthening #Sol Strategies' position to capitalize on changes in the market. Sol Strategies, a prominent holding company specializing in Solana, announced that through the acquisition of Rain, one of Solana's leading validators, the validator network has announced a significant expansion of its validator network. This strategic move nearly doubles the number of validators at Sol Strategies, adding 1.5 million SOLs to the existing 1.8 million SOLs, bringing the total to an impressive 3.3 million SOLs. This acquisition is the third for the company since switching to Solana in September 2024. This is the third purchase of Solana Validator. As part of the acquisition, Michael Hubbard, founder of Rain, has been appointed Director of Sol Strategy. Mr. Hubbard, a respected figure in the Solana validator community, will bring a wealth of experience and strategic vision to the company. His appointment is expected to strengthen the company's influence in the Solana ecosystem. In addition, Sol Strategies has gained control of Stakewiz. com, a widely used validator data platform for Solana, the timing of this acquisition is notable in that it coincides with a key management vote on Proposition SIMD-0228. The proposal aims to introduce a market inflation mechanism to optimize validator remuneration and prevent Solana from overpaying for network security. Already 72% of Solana validators have voted in favor of the proposal and its approval is ready. ready. ready.
Read us at: Compass Investments #TrendingTopic #InvestSmart #news