SOL Strategies has announced the acquisition of Darklake Labs, a Solana-native zero-knowledge startup, for $1.2 million. The deal includes $200,000 in cash and $1 million in common shares, with a four-month lockup on the stock. Darklake, known for its Zyga zero-knowledge proof system, enhances privacy in transaction execution on Solana by mitigating front-running and sandwich attacks.
The acquisition brings Darklake's core team, including CEO Vitor Py Braga and COO Amber Hales, into SOL Strategies. This move aligns with SOL Strategies' strategy to deepen its technological footprint in the Solana ecosystem. The company has been expanding its Solana-related assets, reporting treasury holdings of 533,040 SOL and significant assets under delegation and staking. SOL Strategies is also enhancing institutional access to its staking infrastructure, with partnerships including Balance and ARK Invest's Digital Asset Revolutions Fund.
SOL Strategies Acquires Solana Privacy Startup Darklake for $1.2M
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