SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) announced on April 7, 2026 that it has entered into a definitive agreement to acquire Darklake Labs, a Solana-native zero-knowledge technology startup, for USD $1.2 million. This acquisition brings Darklake’s Zyga privacy infrastructure and its core engineering team into SOL Strategies to enhance secure, institution-ready on-chain finance on the Solana blockchain.
Acquisition Overview
SOL Strategies acquired the assets of Darklake Labs Pte. Ltd. through a definitive agreement. The transaction is structured as an asset purchase.
SOL Strategies invested USD $1.2 million to acquire Darklake Labs, with $200,000 paid in cash and $1 million in common shares of SOL Strategies (the “Consideration Shares”). The Consideration Shares are valued at the five-trading-day volume-weighted average price on the Canadian Securities Exchange ending on the trading day prior to closing and are subject to a statutory four-month lock-up provision upon issuance.
SOL Strategies is the acquirer and sole payer in this transaction. Darklake Labs is the target company being acquired.
About Darklake Labs
Darklake Labs is an early-stage, Solana-native startup focused on zero-knowledge (ZK) infrastructure for public blockchains. Darklake developed Zyga, a dynamic zero-knowledge proof system built natively for Solana that enables private transaction execution while eliminating front-running and sandwich attacks.
Zyga enables three core capabilities:
- Private transaction execution on Solana
- Verification of transactions and computations without exposing sensitive data
- Confidentiality for traders around key position details such as leverage
Darklake placed second in the DeFi track of the Solana Radar Global Hackathon, was accepted into the Colosseum Accelerator, and maintains active academic research partnerships at two Brazilian universities, with a patent application in process.
Team Joining SOL Strategies
The founders and core team of Darklake are expected to join SOL Strategies upon closing, subject to customary closing conditions:
- Vitor Py Braga – CEO and technical founder; infrastructure engineering experience from Meta and IBM
- Amber Hales – COO and co-founder; nearly a decade of compliance experience from senior roles at Coinbase and Coincover
- Tiago Alves – Head of ZK Research and university professor; will lead an expanded R&D function at SOL Strategies
About SOL Strategies
SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) is a Canadian investment company and one of the first publicly traded companies dedicated to growing and building the Solana Economy. The company specializes in strategic investments and infrastructure solutions within the Solana ecosystem to enable the next generation of decentralized applications.
Michael Hubbard, CEO of SOL Strategies, stated that privacy is a core functionality needed to bring global finance on-chain and owning this technology continues the company’s mission to support the Solana Economy as it moves toward a more active technology development role.
Market Context
This acquisition reflects a broader trend of strategic investors acquiring core technology firms rather than merely funding them. Industry observers note this pattern accelerates technology deployment and aligns incentives between developers and capital providers, similar to developments such as DV8 Acquires Rakkar Digital.
Privacy and execution integrity are critical for institutional adoption of on-chain finance. Zero-knowledge technology is a key unlock for institutional-grade infrastructure on Solana. The acquisition expands SOL Strategies’ technology arm and accelerates its engineering and research capabilities as it positions itself as Wall Street’s Gateway to Solana.
By acquiring a Solana-native ZK team and technology, SOL Strategies is moving beyond purely financial investments to directly own and develop core privacy infrastructure.
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