SOL Strategies acquires HoudiniSwap for $18M
6.9 Investments SOL Strategies will acquire HoudiniSwap for $18M in cash, notes, and shares to expand cross-chain liquidity, privacy trading, and revenue in the Solana ecosystem.
SOL Strategies, a Nasdaq-listed company focused on the Solana ecosystem, has signed a definitive agreement to acquire HoudiniSwap, a non-custodial, privacy-focused cross-chain swap aggregator, for $18 million. The payment will consist of $8.25 million in cash, $5.75 million via a six-month promissory note, and $4 million in shares valued at a 90-day volume-weighted average price prior to closing. The deal also includes $100,000 in warrants and a two-year earn-out of up to $10 million, contingent on performance targets. HoudiniSwap generated approximately $13 million in revenue last year and processed over $2.5 billion in cumulative volume across more than 100 blockchain networks. HoudiniSwap allows users to access competitive swap routes across centralized and decentralized exchanges and blockchain bridges without giving up custody of their assets. The acquisition is expected to diversify SOL Strategies’ revenue streams, reduce dependence on staking market cycles, and advance its goal of integrating Solana into institutional financial infrastructure.
