Mercer Park merges with the Cube Group to launch $500M SOL treasury

Mercer Park Opportunities Corp., a Cayman Islands-based special purpose acquisition company (SPAC), has announced a definitive business combination agreement with Cube Group, ￰0￱ deal positions the merged entity as a key player in bridging traditional finance (TradFi) and decentralized finance (DeFi) using Cube’s hybrid digital asset exchange ￰1￱ official release from Mercer Park valued Cube at $300 million, and a core pre-closing condition requires the combined entity to acquire $500 million worth of Solana (SOL) tokens using stock as consideration, thereby establishing a substantial crypto treasury for Cube Exchange ￰2￱ primary objective of the SOL token treasury will be to generate yield via staking, with annual returns expected to range between 7-9%.

This strategy follows the same logic as other Solana digital asset treasuries to generate sustainable ￰3￱ entity will pursue dual listing on Nasdaq and TSX After the merger , the combined entity’s services will expand to cover spot trading, custody solutions, perpetuals, derivatives, hybrid banking, asset management, as well as corporate treasury ￰4￱ transaction has been structured as a qualifying transaction under Toronto Stock Exchange (TSX) rules, with Mercer Park expected to issue shares to Cube’s equity holders. Post-closing, the company will also pursue a dual listing on the ￰5￱ deal is expected to close in Q1 2026, though that will depend greatly on several factors, including TSX approval, a prospectus clearance with Canadian securities regulators, and Cube’s audit ￰6￱ gets a new $500M treasury The treasury that will be inadvertently created as part of the merger will not only optimize corporate finance through SOL staking for passive income but also boost on-chain liquidity and trading volume on Cube’s platform.

Already, several companies have actively integrated crypto into their balance sheets with notable examples including SOL Strategies Inc.’s $500 million convertible note facility for acquiring and staking SOL, with interest tied to staking yield and Forward Industries ’ $1.65 billion private investment in public equity (PIPE) to create a Solana-focused ￰7￱ for why some companies are choosing to establish a SOL treasury instead of a BTC reserve similar to Strategy’s, look no further than the ￰8￱ treasuries offer active yield generation via staking, with an average staking yield of 6.86% presenting the SOL ecosystem as an alternative to passive store-of-value ￰9￱ Street has also praised the chain’s high-performance capabilities and minimal fees.

Overall, regulatory developments, such as the Financial Accounting Standards Board’s (FASB) 2025 adoption of fair-value accounting for digital assets, have removed reporting ￰10￱ has made it more straightforward for firms to hold crypto without double tax burdens, enhancing transparency and investor confidence in corporate treasury ￰11￱ Bybit now and claim a $50 bonus in minutes