SOL Strategies Acquires HoudiniSwap for $18 Million Deal

SOL Strategies, the Nasdaq-listed Solana ecosystem treasury company, has finalized its acquisition of cross-chain exchange aggregation platform HoudiniSwap for $18 million. The deal comprises $8.25 million in cash, $5.75 million in six-month promissory notes, and $4 million in STKE stock, calculated based on the 90-day average price prior to completion.

HoudiniSwap is a non-custodial platform that facilitates competitive exchange routing across centralized and decentralized exchanges as well as blockchain bridges. With approximately $13 million in revenue last year, HoudiniSwap has demonstrated its potential in the growing cross-chain aggregation market.