SOL Strategies Finalizes $18M Houdini Swap Acquisition, Adding $13M in Annual Revenue
STKE sits 66% above its 52-week low of $0.847.
Summary
SOL Strategies has finalized its $18 million acquisition of Houdini Swap, a cross-chain swap aggregator. This follows the definitive agreement announced on May 4th and subsequent SEC filings. The deal includes $7 million in cash, $4 million in common shares, and deferred payments, with a potential $10 million earn-out. Houdini Swap generated $13 million in revenue in 2025 from $2.5 billion in cumulative swap volume, representing a substantial new transactional revenue stream for SOL Strategies. This acquisition significantly expands the company's offerings into high-volume, consumer-facing products within the Solana ecosystem. An additional $5.75 million cash payment is due December 1, 2026, with earn-out payments tied to future performance.
At the time of this announcement, STKE was trading at $1.41 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $39.3M. The 52-week trading range was $0.85 to $147.84. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: TMX Newsfile.