SOL Strategies Acquires HoudiniSwap for $18M, Darklake Labs for $1.2M
SOL Strategies agreed to acquire HoudiniSwap for $18 million in cash and stock, adding a platform that handled over $2.5 billion in transactions and generated $13 million in 2025 revenue. It also acquired Darklake Labs for $1.2 million, integrating Zyga zero-knowledge privacy tech into its Solana infrastructure.
1. Houdini Swap Acquisition
SOL Strategies entered a definitive agreement to acquire HoudiniSwap LLC for USD 18 million in cash and stock, adding a cross-chain swap aggregator that processed over USD 2.5 billion in cumulative transaction volume across more than 100 blockchains and generated approximately USD 13 million in revenue in 2025. This transaction brings a fifth revenue stream—cross-chain transaction infrastructure—to SOL Strategies’ existing staking services and remains subject to customary closing conditions.
2. Darklake Labs Acquisition
On April 14, 2026, SOL Strategies acquired the assets of Darklake Labs Pte. Ltd. for USD 1.2 million (including USD 200,000 cash and USD 1,000,000 in common shares), securing Zyga, a zero-knowledge proof system built for private execution on Solana that prevents front-running and sandwich attacks. The Darklake engineering, compliance, and zero-knowledge research team have joined SOL Strategies to support infrastructure expansion.
3. Operational and Financial Highlights
SOL Strategies’ STKESOL platform reported 726.072 SOL staked with 1,322 unique holders and 100% validator uptime in April, delivering a peak APY of 6.08% versus a 5.74% network average. Company treasury holdings stand at 530,712 SOL (approximately CAD 60.3 million), and institutional staking assets under delegation total 3.7 million SOL across 33,953 unique wallets.