2 weeks ago
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CryptoProwl
Tue, April 14, 2026 astatine 10:40 AM CDT 2 min read
SOL Strategies said Tuesday it has completed its antecedently announced acquisition of Darklake Labs, closing a woody that brings the squad down the Solana (CRYPTO: $SOL) autochthonal Zyga privateness strategy into the company.
Darklake developed Zyga arsenic a zero-knowledge impervious strategy built for Solana that enables backstage transaction execution portion aiming to destruct front-running and sandwich attacks astatine the constituent of execution. As portion of the closing, Darklake’s founders and halfway squad person joined SOL Strategies.
The woody gives SOL Strategies much than conscionable different ecosystem plus to back. It moves the institution further into the exertion furniture of the Solana system astatine a clip erstwhile privacy, execution prime and exertion infrastructure are becoming harder to abstracted from the broader concern communicative astir the network.
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In that sense, completing the acquisition says arsenic overmuch astir wherever SOL Strategies wants to beryllium successful the stack arsenic it does astir the plus it bought.
SOL Strategies said the acquisition closed for $1.2 million, made up of $200,000 successful currency and 1,047,156 communal shares, with the banal information valued astatine $1 cardinal based connected the company’s five-day volume-weighted mean terms connected the Canadian Securities Exchange earlier closing. Those shares are taxable to a four-month statutory lock-up.
The operation keeps the woody comparatively humble successful size, but it gives SOL Strategies nonstop ownership of exertion it appears to spot arsenic utile for a much hands-on merchandise and infrastructure strategy.
“Privacy is simply a halfway functionality needed to bring planetary concern on-chain, and this acquisition continues our ngo to enactment the Solana system arsenic we instrumentality a much progressive relation successful exertion development,” CEO Michael Hubbard said successful the release.
That framing fits the broader awesome here: for Solana-focused companies, the adjacent signifier of contention whitethorn progressively travel down to who owns the tooling that helps the web grip much blase fiscal activity.
SOL Strategies Inc. (NASDAQ: $STKE) banal is presently trading astatine $1.11 U.S. per share.
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