AcquisitionsJun 3, 2026, 08:41 AM
SOL Strategies Closes Houdini Acquisition; Adds $13M 2025 Revenue
AI Summary
SOL Strategies Inc. announced the closing of its acquisition of Houdini, a strategic move expected to add established transactional revenue, including $13 million in 2025 and $2.5 billion in cumulative volume. The acquisition was financed using decentralized finance protocols on Solana without selling treasury SOL. The company also reported its Q2 2026 financial results and appointed Jon Matonis, a founding director of the Bitcoin Foundation, as Chairman of the Board, enhancing its leadership in financial cryptography.
Key Highlights
- SOL Strategies completed the acquisition of Houdini, adding $13M in 2025 revenue.
- Houdini brings $2.5 billion in cumulative transaction volume and multi-chain routing.
- Acquisition was financed via DeFi protocols on Solana without selling treasury SOL.
- Jon Matonis, Bitcoin Foundation founding director, appointed Chairman of the Board.
- STKESOL liquid staking platform holds 624,274 SOL staked by 1,353 unique holders.
- Validator network Assets Under Delegation (AuD) reached 3,649,585 SOL with 100% uptime.
- Company treasury holds 521,174 SOL, valued at approximately CAD $57.6 million.
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