AcquisitionsMay 4, 2026, 09:12 AM
SOL Strategies to Acquire HoudiniSwap for $18M, Expanding Privacy Focus
AI Summary
SOL Strategies Inc. announced a definitive agreement to acquire HoudiniSwap LLC for USD $18 million, payable in cash and shares. HoudiniSwap, a privacy-focused cross-chain swap aggregator, generated approximately $13 million in revenue in 2025 and has processed over $2.5 billion in cumulative transaction volume. This acquisition is expected to diversify SOL Strategies' revenue, expand its reach across multiple blockchain networks, and strengthen its position in privacy and institutional finance infrastructure. The deal includes a two-year earn-out of up to $10 million based on EBITDA hurdles.
Key Highlights
- SOL Strategies Inc. will acquire HoudiniSwap LLC, a non-custodial, privacy-focused cross-chain swap aggregator.
- The acquisition price is USD $18 million, comprising $8.25 million cash, a $5.75 million promissory note, and $4 million in shares.
- HoudiniSwap generated approximately USD $13 million in revenue in 2025, with over half of its volume touching Solana.
- The platform has processed over USD $2.5 billion in cumulative transaction volume across more than 100 blockchain networks.
- The deal adds a fifth revenue stream, expanding SOL Strategies into transaction routing infrastructure and cross-chain liquidity.
- A two-year earn-out of up to USD $10 million is included, based on a USD $2.5 million annual EBITDA hurdle.
- Closing is expected by May 29, 2026, subject to customary conditions and Canadian Securities Exchange approval.