AcquisitionsMay 6, 2026, 09:57 AM
SOL Strategies acquires Darklake Labs, agrees to acquire Houdini Swap for $18M
AI Summary
SOL Strategies Inc. announced a comprehensive corporate update for April 2026, highlighted by two significant acquisitions. The company entered a definitive agreement to acquire HoudiniSwap LLC for $18 million in cash and stock, adding a platform with over $2.5 billion in cumulative transaction volume and $13 million in 2025 revenue. Additionally, SOL Strategies acquired Darklake Labs Pte. Ltd. for $1.2 million, enhancing its zero-knowledge proof capabilities for Solana. Max Kaplan concluded his tenure as CTO but will remain in an advisory role.
Key Highlights
- Agreed to acquire HoudiniSwap LLC for $18 million in cash and stock.
- Houdini Swap processed over $2.5 billion in cumulative transaction volume.
- Houdini Swap generated approximately $13 million in revenue in 2025.
- Acquired Darklake Labs for $1.2 million ($200,000 cash, $1,000,000 shares).
- Total Assets Under Delegation (AuD) reached 3,714,200 SOL.
- Company treasury holdings totaled 530,712 SOL (~CAD $60.3 million).
- Net SOL earned from proprietary validators in April was 822 SOL.
- Max Kaplan concluded tenure as CTO, transitioning to an advisory role.
Price Impact
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