SOL Strategies Acquires HoudiniSwap in $18 Million Deal to Expand Solana Infrastructure

Sol Strategies has agreed to acquire HoudiniSwap for $18 million, adding a privacy-focused cross-chain swap aggregator that goes beyond incorporating the public company's Solana infrastructure strategy.

HoudiniSwap projects $13 million in revenue by 2025, with more than half of its 12-month volume hitting Solana. The platform integrates more than 18 decentralized exchanges and multiple self-contained wallet providers and has operated over 100 blockchain networks with a combined transaction volume of over $2.5 billion.

The acquisition will help users of SOL Strategies' brokerage business find ways to trade between centralized exchanges, decentralized exchanges and bridges without taking on financial support.

Sol Strategies' deal is part of a broader push to build Solana into an institutional finance base by adding blockchain liquidity, trading infrastructure and software-based revenue.

The purchase price includes $8.25 million in cash, $5.75 million in six-month promissory notes, $4 million in company stock and $100,000 in common stock purchase warrants. The deal also includes two years of earnings of up to $10 million, based on an annual EBITDA threshold of $2.5 million. SOL Strategies said it has no plans to sell Solana's treasury assets to fund the acquisition.

The deal follows SOL Strategies' April acquisition of Darklake Labs, which brought Zero Knowledge privacy technology and the Zyga system to the Solana platform. The company said at the time that the acquisition focused technology on privacy and performance integrity, including tools designed to reduce risks such as front-running and transaction fraud.

SOL Strategies positions Solana as a public company focused on verification infrastructure, treasury solutions and institutional digital asset products. His website describes the company as independent from the Solana Foundation, which builds institutional-grade Solana authentication infrastructure and digital asset treasury solutions.