SOL Strategies Acquires Solana Privacy Startup Darklake for $1.2 Million

SOL Strategies announced Tuesday it has acquired the assets 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, subject to a four-month lockup.

Darklake developed Zyga, a zero-knowledge proof system for Solana aimed at enabling private transactions and reducing front-running attacks. The startup previously placed second in the Solana Radar Global Hackathon and was accepted into the Colosseum Accelerator.

The acquisition brings Darklake's core team, including CEO Vitor Py Braga, former infrastructure engineer at Meta and IBM, and COO Amber Hales, who has compliance experience from Coinbase and Coincover.

This move signals SOL Strategies' intent to play a more active role in technology development within the Solana economy, beyond its treasury operations and validator business. The company recently reported significant treasury holdings of SOL and has been broadening institutional access to its staking infrastructure.