AcquisitionsMay 8, 2026, 03:21 PM
SOL Strategies to Acquire HoudiniSwap for $18M
AI Summary
SOL Strategies Inc. announced a definitive agreement to acquire HoudiniSwap LLC, a non-custodial, privacy-focused cross-chain swap aggregator, for $18 million. This acquisition aims to diversify SOL Strategies' revenue streams, expand its reach across over 100 blockchain networks, and strengthen its position in privacy and transaction routing infrastructure for institutional finance within the Solana ecosystem. HoudiniSwap generated approximately $13 million in revenue in 2025 and has processed over $2.5 billion in cumulative transaction volume. The deal is expected to close by May 29, 2026.
Key Highlights
- SOL Strategies to acquire HoudiniSwap LLC for $18 million.
- Purchase price includes $8.25 million cash, $5.75 million promissory note, and $4 million in shares.
- HoudiniSwap generated approximately $13 million in revenue in 2025.
- HoudiniSwap processed over $2.5 billion in cumulative transaction volume.
- Acquisition includes a two-year earn-out of up to $10 million based on EBITDA hurdles.
- Closing is expected on or before May 29, 2026, subject to customary conditions.
Price Impact
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