SPAC Merger Fuels $500M Solana Treasury for Cube Exchange
Mercer Park Opportunities Corp. has agreed to a $300 million SPAC merger with Cube Group, Inc., creating Cube Exchange Inc., a hybrid digital asset platform. Ahead of closing, Cube Exchange will allocate $500 million to a Solana treasury. This pre-closing purchase of SOL tokens aims for 7–9% annual staking yields while boosting on-chain liquidity. The platform will integrate TradFi and DeFi services—spot trading, custody, derivatives, hybrid banking, asset management, and corporate treasury—to attract both institutional and retail users. After obtaining TSX qualifying transaction approval, prospectus clearance, and completing an audit by Q1 2026, Cube Exchange plans dual listings on Nasdaq and the Toronto Stock Exchange. The Solana treasury will generate passive income and improve liquidity. Enhanced fair-value accounting for digital assets simplifies reporting and underscores the trend of corporate crypto treasuries.
Bullish
Allocating $500 million to a Solana treasury creates substantial buy pressure, supporting SOL price in the near term. The expected 7–9% staking yields and improved on-chain liquidity could attract institutional demand, bolstering long-term fundamentals. Combined with regulatory clarity from planned dual Nasdaq and TSX listings and enhanced fair-value accounting standards, this move signals growing corporate adoption of SOL, driving positive sentiment and sustained demand.