Mercer Park acquires Cube Group in $300m deal, eyes $500m Solana treasury

Mercer Park Opportunities Corp. is acquiring crypto platform Cube Group, in a merger deal set to create a $500 million Solana treasury company.

Summary

Mercer Park and Cube are eyeing a SPAC deal that values Cube Group at $300 million.
The transaction will create a new company expected to buy $500 million Solana tokens for its treasury.
Merger deal expected to close early 2026.

Mercer Park, a special purpose acquisition company listed on the Toronto Stock Exchange, has announced its impending acquisition of crypto platform Cube Group.

Specifically, the two have entered into a definitive business combination agreement that values Cube at $300 million, and regulatory approval will see the creation of a publicly-listed firm focused on bridging traditional finance and decentralized finance.

Mercer Park eyes $500 million Solana treasury

Ahead of the deal closing, the new company will acquire $500 million of Solana (SOL) tokens for its treasury strategy.

The purchase of SOL is part of the plans to bolster liquidity and yield generation. Buying Solana for a treasury bet is also crucial to overall long-term value creation, the company said.

“Cube is building the infrastructure for modern digital finance, and this business combination with Mercer Park accelerates our vision,” said Bartosz Lipiński, co-founder and chief executive officer of Cube Group. “By going public, we gain the resources to scale our ultra-secure, high-speed exchange.”