Sol Strategies

SOL Strategies on June 18 integrated Houdini Swap into the multi-chain aggregation platform Jumper, which enables API-based private swap, bridge and receive transactions. The acquisition of Houdini Swap was completed on June 1; Houdini had cumulative swaps of over USD 2.7 billion and a monthly volume of about USD 65 million as of June. SOL Strategies reports a cash balance of 460,017 SOL (approx. CAD 50.6 million) after selling 65,001 SOL to repay debt, maintains liquid-staking and validator activities, but faces significant financial headwinds with a current ratio of 0.12 and a share price decline of 91% in the past year. » More on de.investing.com

SOL Strategies moved from a validator-focused model toward middleware and software monetization via its April acquisition of Darklake (Zyga) and a definitive agreement to buy Houdini, targeting privacy-enabled execution, APIs, routing and cross-chain swap revenue. STKESOL deposits reached about 768,000 SOL by quarter-end, validating liquid staking as a fee-bearing layer while core staking/validation rewards remained resilient in SOL terms despite a sharp SOL price decline that drove CAD-denominated revenue and large noncash revaluation losses. Management highlights unit growth—3.8 million SOL of assets-under-delegation and 100% validator uptime—as the path to convert infrastructure scale into recurring fee and software revenue, with valuation now hinging on successful integration and monetization of the middleware stack. » More on finance.yahoo.com

SOL Strategies has signed a definitive agreement to acquire HoudiniSwap for a total of $18 million, payable in cash, a promissory note, stock and warrants. HoudiniSwap generated about $13 million in revenue in 2025 and has processed more than $2.5 billion in transaction volume across over 100 blockchains since launch, with over half of the volume on Solana. The purchase price includes $8.25 million in cash, a $5.75 million promissory note, $4 million in stock and an earn‑out of up to $10 million tied to target EBITDA; SOL Strategies does not plan to sell any of its own Solana holdings to finance the deal. The transaction is expected to close by May 29, 2026, and remains subject to customary conditions and approvals. » More on de.investing.com