SOL Strategies Inc.

SOL Strategies Inc. announced that its wholly-owned Houdini Swap, a non-custodial, privacy-focused cross-chain swap aggregator, is now live on Jumper. This integration allows Jumper users to perform private Swap, Bridge, and Receive transactions directly on the platform, adding privacy to one of the highest traffic entry points in crypto. The move significantly expands Houdini's distribution, leveraging Jumper's over $1 billion in monthly volume and extensive network of bridges and DEXs.

SOL Strategies Inc. announced it has settled approximately C$5.75 million of debt through the sale of 65,001 SOL tokens at an average price of CAD$87.88 per SOL. This move reflects a deliberate approach to capital and risk management, aiming to strengthen the balance sheet and enhance focus on its operating businesses, particularly the Solana Economy. The company highlighted the continued investment in Houdini Swap, which has processed over USD $2.7 billion in cumulative swap volume and generated USD $13 million in revenue in 2025.

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.

SOL Strategies Inc. announced the closing of its previously disclosed acquisition of HoudiniSwap LLC, a non-custodial, privacy-focused cross-chain swap aggregator. The total purchase price was $18 million, paid through a combination of cash and common shares, with additional deferred payments and an earn-out. This acquisition adds a high-volume consumer-facing product with approximately $2.5 billion in cumulative swap volume and over $13 million in revenue in 2025, enhancing SOL Strategies' Solana infrastructure platform with transactional revenue.

SOL Strategies Inc. reported its financial results for the second quarter ended March 31, 2026. Total staking and validation revenue was 9,171 SOL, a 6% decrease from the previous quarter, translating to CAD $1,147,432, a 45% decline primarily due to a change in the price of SOL. Despite this, Assets under Delegation grew 15% to 3.8 million SOL, and total SOL holdings increased to approximately 524,000 SOL. The company will host a webcast and conference call today, May 18, 2026, to discuss these results.

SOL Strategies Inc. reported a significant net loss of $101.7 million for the six months ended March 31, 2026, a substantial increase from the $1.6 million loss in the prior year. Total assets decreased by nearly 50% to $85.8 million, primarily due to a sharp decline in cryptocurrency holdings and impairment losses on intangible assets. Management also concluded that the company's internal control over financial reporting was not effective as of March 31, 2026.

SOL Strategies Inc. announced the appointment of Jon Matonis as Chairman of the Board of Directors, effective May 11, 2026. Matonis, who has been with the company since 2018 and a director since 2020, resigned from his Chief Economist role. This leadership change aligns with the company's strategic direction, highlighted by its recent acquisitions of Darklake's Zyga zero-knowledge proof system and the definitive agreement to acquire HoudiniSwap.

SOL Strategies Inc. announced it will release its financial results for the second quarter ended March 31, 2026, on May 15, 2026. The company will host a webcast and conference call on Monday, May 18, 2026, at 4:30 PM EST to discuss the results. CEO Michael Hubbard, CFO Doug Harris, and CSO Steve Ehrlich will lead the call.

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.

SOL Strategies Inc. announced a comprehensive corporate update for April 2026, highlighted by two significant acquisitions. The company entered a definitive agreement to acquire HoudiniSwap LLC for $18 million in cash and stock, adding a platform with over $2.5 billion in cumulative transaction volume and $13 million in 2025 revenue. Additionally, SOL Strategies acquired Darklake Labs Pte. Ltd. for $1.2 million, enhancing its zero-knowledge proof capabilities for Solana. Max Kaplan concluded his tenure as CTO but will remain in an advisory role.