Crypto exchange Kraken is teaming up with Mastercard to let crypto holders in the UK and Europe spend their digital assets at more than 150 million merchants worldwide, Mastercard announced.

Kraken will offer physical and digital debit cards, allowing customers to use crypto and stablecoins in everyday transactions. It’s the latest development in Kraken Pay, a service that debuted earlier this year that enables cross-border payments in over 300 crypto and fiat currencies.

More than 200,000 users have already activated their “Kraktag,” a unique identifier tied to their Kraken wallet, simplifying the use of Kraken Pay’s services, according to the press release.

David Ripley, Kraken’s co-CEO, said the initiative aims to close the gap between the crypto economy and traditional spending. “Our customers want to easily pay for real-world goods and services using their crypto or stablecoins,” Ripley said.

The debit cards are expected to be available in the coming weeks.

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SOL Strategies (HODL), a Canadian company running infrastructure on the Solana network, revealed it acquired 24,000 SOL tokens in March at an average cost of about C$199 ($139.8) each. The purchase, worth around $3.37 million, brought the firm’s total SOL holdings to 267,151 tokens.

Nearly all of the company’s SOL—roughly 265,295 tokens—are now staked across four validators that it operates, according to its latest operational update. Since early March, the company’s share price plunged roughly 25% while SOL dropped 27% over the same period.

Since the start of the Trump presidency, SOL Strategies’ stock is down 67%, while Solana has fallen 58%.

Led by Leah Wald, a former Valkyrie Investments co-founder, SOL Strategies has been aggressively expanding its validator infrastructure, not just on Solana but also on other Proof-of-Stake chains, including Sui (SUI), Monad (MONAD) and ARCH (ARCH). Validators secure these networks by staking their respective tokens and processing transactions, earning rewards in return.

In March, the firm acquired three validator nodes, including one from Laine and the analytics platform Stakewiz, for roughly $24.5 million. That deal more than doubled the amount of SOL staked on the company’s infrastructure—from 1.66 million to over 3.35 million tokens.

The company also owns 3.211 bitcoin, though it remains focused on the Solana ecosystem.

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