SOL Strategies Inc. files foreign-issuer reports that document material changes, agreements, capital structure, governance and operating results for its Solana-focused investment and infrastructure business. Its Form 6-K materials include Canadian material change reports and exhibits filed under the Exchange Act, alongside Form 40-F reporting for the company’s U.S. disclosure framework.
The filing record documents a completed asset acquisition that added Zyga, a zero-knowledge proof system built natively for the Solana blockchain, with related consideration paid in cash and common shares. Other disclosures cover common-share structure, security-structure matters, board and shareholder governance, material agreements and financial reporting for the company’s digital-asset infrastructure operations.
SOL Strategies Inc. filed a Form 6-K to report a leadership change on its Board. The company announced that its Board of Directors appointed Jon Matonis as Chairman of the Board, effective immediately as of May 11, 2026, and he resigned as Chief Economist effective May 12, 2026.
Matonis is a founding director of the Bitcoin Foundation with long experience in financial cryptography, digital currency, and monetary policy, and has served as a director of the company since May 2020. The company links his appointment to its broader strategic direction, highlighting its recently announced acquisition of Darklake’s Zyga zero-knowledge proof system and its definitive agreement to acquire HoudiniSwap as it deepens its focus on privacy-first technologies within the Solana ecosystem.
SOL Strategies Inc. filed a Form 6-K to report a leadership change on its Board. The company announced that its Board of Directors appointed Jon Matonis as Chairman of the Board, effective immediately as of May 11, 2026, and he resigned as Chief Economist effective May 12, 2026.
Matonis is a founding director of the Bitcoin Foundation with long experience in financial cryptography, digital currency, and monetary policy, and has served as a director of the company since May 2020. The company links his appointment to its broader strategic direction, highlighting its recently announced acquisition of Darklake’s Zyga zero-knowledge proof system and its definitive agreement to acquire HoudiniSwap as it deepens its focus on privacy-first technologies within the Solana ecosystem.
Sol Strategies Inc. has signed a definitive agreement to acquire HoudiniSwap LLC, a non-custodial, privacy-focused cross-chain swap aggregator, for USD $18 million in cash, shares, a promissory note and warrants.
Houdini generated about USD $13 million in 2025 revenue and has processed more than USD $2.5 billion in cumulative transaction volume across over 100 blockchain networks. The deal adds a fifth revenue stream for Sol Strategies, expanding from staking and validator operations into transaction routing, cross-chain liquidity and software-based revenues while reinforcing its focus on privacy and institutional-grade infrastructure on Solana.
The purchase price includes USD $8.25 million in cash, a USD $5.75 million six‑month promissory note, USD $4 million in shares valued using a 90‑day VWAP, and USD $100,000 in common share purchase warrants, plus an earn‑out of up to USD $10 million tied to a USD $2.5 million annual EBITDA hurdle. Closing is subject to customary conditions, including Canadian Securities Exchange approval, and is expected on or before May 29, 2026.
Sol Strategies Inc. has signed a definitive agreement to acquire HoudiniSwap LLC, a non-custodial, privacy-focused cross-chain swap aggregator, for USD $18 million in cash, shares, a promissory note and warrants.
Houdini generated about USD $13 million in 2025 revenue and has processed more than USD $2.5 billion in cumulative transaction volume across over 100 blockchain networks. The deal adds a fifth revenue stream for Sol Strategies, expanding from staking and validator operations into transaction routing, cross-chain liquidity and software-based revenues while reinforcing its focus on privacy and institutional-grade infrastructure on Solana.
The purchase price includes USD $8.25 million in cash, a USD $5.75 million six‑month promissory note, USD $4 million in shares valued using a 90‑day VWAP, and USD $100,000 in common share purchase warrants, plus an earn‑out of up to USD $10 million tied to a USD $2.5 million annual EBITDA hurdle. Closing is subject to customary conditions, including Canadian Securities Exchange approval, and is expected on or before May 29, 2026.
SOL Strategies Inc. reports an active April 2026, highlighted by a definitive agreement to acquire HoudiniSwap LLC for USD $18 million in cash and stock and the completed acquisition of Darklake Labs assets for USD $1.2 million. Houdini Swap, a privacy-focused cross-chain swap aggregator, has processed more than $2.5 billion in cumulative transaction volume and generated about $13 million of revenue in 2025, adding a fifth revenue stream to SOL Strategies’ platform. Darklake contributes Zyga, a zero-knowledge proof system built for Solana, and its engineering team joins the company. Operationally, assets under delegation reached 3,714,200 SOL with 100% validator uptime, and treasury holdings totaled 530,712 SOL, illustrating the company’s expanding presence in the Solana ecosystem.
SOL Strategies Inc. reports an active April 2026, highlighted by a definitive agreement to acquire HoudiniSwap LLC for USD $18 million in cash and stock and the completed acquisition of Darklake Labs assets for USD $1.2 million. Houdini Swap, a privacy-focused cross-chain swap aggregator, has processed more than $2.5 billion in cumulative transaction volume and generated about $13 million of revenue in 2025, adding a fifth revenue stream to SOL Strategies’ platform. Darklake contributes Zyga, a zero-knowledge proof system built for Solana, and its engineering team joins the company. Operationally, assets under delegation reached 3,714,200 SOL with 100% validator uptime, and treasury holdings totaled 530,712 SOL, illustrating the company’s expanding presence in the Solana ecosystem.
Sol Strategies Inc. has entered into a definitive agreement to acquire HoudiniSwap LLC, a non-custodial, privacy-focused cross-chain swap aggregator, for USD $18 million in cash, shares, a promissory note and warrants. Houdini generated about USD $13 million of revenue in 2025 and has processed more than USD $2.5 billion in cumulative transaction volume across over 100 blockchain networks, with more than half of recent volume involving Solana. The deal is intended to add a fifth revenue stream, diversify Sol Strategies’ business beyond staking, and enhance its position in privacy-focused transaction infrastructure. Closing is subject to customary conditions and Canadian Securities Exchange approval and is expected on or before May 29, 2026.
Sol Strategies Inc. has entered into a definitive agreement to acquire HoudiniSwap LLC, a non-custodial, privacy-focused cross-chain swap aggregator, for USD $18 million in cash, shares, a promissory note and warrants. Houdini generated about USD $13 million of revenue in 2025 and has processed more than USD $2.5 billion in cumulative transaction volume across over 100 blockchain networks, with more than half of recent volume involving Solana. The deal is intended to add a fifth revenue stream, diversify Sol Strategies’ business beyond staking, and enhance its position in privacy-focused transaction infrastructure. Closing is subject to customary conditions and Canadian Securities Exchange approval and is expected on or before May 29, 2026.
Sol Strategies Inc. has completed its acquisition of the assets of Darklake Labs Pte. Ltd., adding Darklake’s Zyga zero-knowledge privacy technology and team to its Solana-focused platform. The deal was valued at USD $1.2 million, including USD $200,000 in cash and 1,047,156 common shares.
The shares, representing USD $1,000,000 in value based on the five‑day volume‑weighted average price on the Canadian Securities Exchange before closing, are subject to a four‑month statutory lock‑up. Darklake’s founders and core team have joined Sol Strategies to help advance Solana ecosystem technology.
Sol Strategies Inc. has completed its acquisition of the assets of Darklake Labs Pte. Ltd., adding Darklake’s Zyga zero-knowledge privacy technology and team to its Solana-focused platform. The deal was valued at USD $1.2 million, including USD $200,000 in cash and 1,047,156 common shares.
The shares, representing USD $1,000,000 in value based on the five‑day volume‑weighted average price on the Canadian Securities Exchange before closing, are subject to a four‑month statutory lock‑up. Darklake’s founders and core team have joined Sol Strategies to help advance Solana ecosystem technology.
SOL Strategies Inc. has completed its acquisition of the assets of Darklake Labs, adding Zyga, a zero-knowledge proof system built natively for the Solana blockchain. Zyga is designed to enable private transaction execution on Solana and reduce front-running and sandwich attacks.
The deal totals USD $1.2 million, consisting of USD $200,000 in cash and 1,047,156 common shares valued at USD $1,000,000 based on the five-day volume-weighted average trading price on the Canadian Securities Exchange before closing. The founders and core Darklake team have joined SOL Strategies, and the consideration shares are subject to a four-month statutory lock-up.
SOL Strategies Inc. has completed its acquisition of the assets of Darklake Labs, adding Zyga, a zero-knowledge proof system built natively for the Solana blockchain. Zyga is designed to enable private transaction execution on Solana and reduce front-running and sandwich attacks.
The deal totals USD $1.2 million, consisting of USD $200,000 in cash and 1,047,156 common shares valued at USD $1,000,000 based on the five-day volume-weighted average trading price on the Canadian Securities Exchange before closing. The founders and core Darklake team have joined SOL Strategies, and the consideration shares are subject to a four-month statutory lock-up.
SOL Strategies Inc., a Canadian investment company focused on the Solana blockchain ecosystem, reported that its CEO Michael Hubbard and Chief Strategy Officer Steve Ehrlich will present at the virtual Water Tower Research Insights Conference on April 14, 2026, at 11:10 am EDT.
Their session, hosted by John Roy of Water Tower Research, is expected to cover the company’s current business model, the acquisition of Darklake Labs, its STKESOL liquid staking product, views on macroeconomic conditions and the state of Solana, and overall growth strategy. The event is positioned to give investors deeper insight into SOL Strategies’ positioning and long-term plans.
SOL Strategies Inc., a Canadian investment company focused on the Solana blockchain ecosystem, reported that its CEO Michael Hubbard and Chief Strategy Officer Steve Ehrlich will present at the virtual Water Tower Research Insights Conference on April 14, 2026, at 11:10 am EDT.
Their session, hosted by John Roy of Water Tower Research, is expected to cover the company’s current business model, the acquisition of Darklake Labs, its STKESOL liquid staking product, views on macroeconomic conditions and the state of Solana, and overall growth strategy. The event is positioned to give investors deeper insight into SOL Strategies’ positioning and long-term plans.
SOL Strategies Inc. reported that it has entered into a definitive agreement to acquire the assets of Darklake Labs, a Solana-native zero-knowledge technology company, for USD $1.2 million. The deal is structured as USD $200,000 in cash and USD $1,000,000 in common shares valued at the five-day volume-weighted average price before closing, with those shares subject to a four-month lock-up.
Darklake has developed Zyga, a zero-knowledge proof system designed for Solana to enable private transaction execution and reduce front-running and sandwich attacks. Subject to customary closing conditions, Darklake’s founders and core team, including technical, compliance, and research leaders, are expected to join SOL Strategies to strengthen its technology development and research capabilities in the Solana ecosystem.
SOL Strategies Inc. reported that it has entered into a definitive agreement to acquire the assets of Darklake Labs, a Solana-native zero-knowledge technology company, for USD $1.2 million. The deal is structured as USD $200,000 in cash and USD $1,000,000 in common shares valued at the five-day volume-weighted average price before closing, with those shares subject to a four-month lock-up.
Darklake has developed Zyga, a zero-knowledge proof system designed for Solana to enable private transaction execution and reduce front-running and sandwich attacks. Subject to customary closing conditions, Darklake’s founders and core team, including technical, compliance, and research leaders, are expected to join SOL Strategies to strengthen its technology development and research capabilities in the Solana ecosystem.
SOL Strategies Inc. provided a March 2026 business update alongside a Form 6-K. The company expanded institutional staking after Balance, a major Canadian digital asset custodian, integrated SOL Strategies’ validator for its custody clients, validating its uptime and compliance certifications (ISO 27001, SOC 1, SOC 2 Type 2).
Following the March 31, 2026 AGM, Michael Hubbard was confirmed as Chief Executive Officer and Steve Ehrlich was appointed Chief Strategy Officer, while CTO Max Kaplan plans to resign effective April 30, 2026. The company reported 768,022 SOL staked in its STKESOL liquid staking platform across 1,176 holders, with validator Assets Under Delegation of 3,813,468 SOL and 34,078 unique wallets served.
Proprietary validators maintained 100% uptime, delivered peak APY of 6.17% versus a 5.89% Solana network average, and earned 1,019 SOL net in March. Company treasury holdings totaled 533,040 SOL, valued at approximately CAD $60,851,846 based on a referenced SOL/CAD rate, underscoring its significant on-chain exposure to the Solana ecosystem.
SOL Strategies Inc. provided a March 2026 business update alongside a Form 6-K. The company expanded institutional staking after Balance, a major Canadian digital asset custodian, integrated SOL Strategies’ validator for its custody clients, validating its uptime and compliance certifications (ISO 27001, SOC 1, SOC 2 Type 2).
Following the March 31, 2026 AGM, Michael Hubbard was confirmed as Chief Executive Officer and Steve Ehrlich was appointed Chief Strategy Officer, while CTO Max Kaplan plans to resign effective April 30, 2026. The company reported 768,022 SOL staked in its STKESOL liquid staking platform across 1,176 holders, with validator Assets Under Delegation of 3,813,468 SOL and 34,078 unique wallets served.
Proprietary validators maintained 100% uptime, delivered peak APY of 6.17% versus a 5.89% Solana network average, and earned 1,019 SOL net in March. Company treasury holdings totaled 533,040 SOL, valued at approximately CAD $60,851,846 based on a referenced SOL/CAD rate, underscoring its significant on-chain exposure to the Solana ecosystem.
SOL Strategies Inc. reported the results of its annual general meeting, where shareholders elected seven directors to serve for the next year and re-appointed Davidson & Company LLP as auditor for the financial year ending September 30, 2026.
After the meeting, the board confirmed Michael Hubbard as Chief Executive Officer, following his service as Interim CEO since October 1, 2025, and appointed Steve Ehrlich as Chief Strategy Officer after 14 months as Head of Capital Markets. The company reiterated its focus on strategic investments and infrastructure solutions in the Solana ecosystem and included extensive cautionary language regarding forward-looking information.
SOL Strategies Inc. reported the results of its annual general meeting, where shareholders elected seven directors to serve for the next year and re-appointed Davidson & Company LLP as auditor for the financial year ending September 30, 2026.
After the meeting, the board confirmed Michael Hubbard as Chief Executive Officer, following his service as Interim CEO since October 1, 2025, and appointed Steve Ehrlich as Chief Strategy Officer after 14 months as Head of Capital Markets. The company reiterated its focus on strategic investments and infrastructure solutions in the Solana ecosystem and included extensive cautionary language regarding forward-looking information.