Mercer Park Opportunities Corp. (TSX: SPAC.U) has announced a deal to acquire Cube Group, a hybrid digital asset exchange developer founded by Solana core contributor Bartosz Lipiński and ex-Citadel engineer Larry Wu, according to a company press release.
Mercer Park to Acquire Cube in $300mn Deal Including $500mn Solana Buy
22 October 2025 - 17:48 CEST
The transaction, subject to TSX and regulatory approval, values Cube at $300mn and is expected to close in early 2026.
A new combined entity, to be named Cube Exchange Inc., plans to acquire $500mn in Solana (SOL) tokens before closing to enhance liquidity and generate staking yields estimated at 7–9%. Cube aims to expand its high-speed, non-custodial trading and institutional custody platform, targeting a growing share of the $3.4tn digital assets market as regulatory clarity improves.
