Why SOL Strategies bought Houdini Swap and Darklake Labs "The real value unlock is when you have a public company that is focused on building in the whole economy that exists on chain," SOL Strategies (@solstrategies) CEO Michael Hubbard (@m_hbbrd) said in a Water Tower Research (@WTR_Research) fireside chat this week, framing the firm's recent acquisitions as a vertically integrated Solana infrastructure stack. Hubbard said HoudiniSwap supports 120 blockchains with private cross-chain swaps and is growing quickly in volume. The deals: Darklake Labs (@darklakefi) (closed April 14 for $1.2M) brings Zyga, a zero-knowledge system enabling private execution on Solana. @HoudiniSwap (agreed May 4 for $18M, closing by May 29 pending CSE approval) processed $2.5B in cumulative volume and $13M revenue in 2025.