ChainCatcher report: Canadian publicly listed company SOL Strategies has announced the completion of its previously disclosed acquisition of Houdini Swap. The total transaction value is $18 million, to be paid through a combination of cash and SOL Strategies common shares. Houdini Swap is a non-custodial cross-chain trading aggregation platform focused on privacy protection. To date, the platform has processed approximately $2.5 billion in cumulative cross-chain swap volume and generated over $13 million in revenue in 2025 through partnerships with 32 trading platforms. SOL Strategies stated that this acquisition further strengthens its business presence within the Solana ecosystem. In addition to its validator infrastructure and liquid staking services, the company now adds a trading business that has been operational for nearly three years, featuring stable revenue growth and substantial transaction volume, thereby expanding its digital asset infrastructure footprint. The acquisition was initially announced on May 4, 2026, and has now been officially closed.
SOL Strategies Completes $18M Acquisition of Houdini Swap
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Summary
SOL Strategies has finalized its $18 million acquisition of Houdini Swap, a non-custodial cross-chain transaction aggregation platform focused on privacy. The deal includes cash and SOL Strategies common stock. Houdini Swap has processed $2.5 billion in cross-chain volume and is expected to generate over $13 million in 2025 through 32 trading partners. The on-chain announcement marks a key step for SOL Strategies to expand its presence on Solana. The acquisition was first announced on May 4, 2026. Recent on-chain developments have also highlighted growing concerns about exchange hacking risks in the DeFi space.
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