Overview
- SOL Strategies, which trades as STKE on Nasdaq and HODL on the Canadian Securities Exchange, signed a definitive agreement to buy HoudiniSwap for $18 million.
- The price combines $8.25 million in cash, a $5.75 million six-month note, $4 million in shares priced by the average STKE price over the past 90 trading days, and $100,000 in warrants, plus up to $10 million in earnouts if EBITDA reaches $2.5 million a year.
- The company said the deal is subject to customary approvals, including the CSE, and it expects to close by May 29 without selling any of its SOL treasury.
- HoudiniSwap runs a non-custodial cross-chain aggregator that routes across exchanges and bridges by moving funds through Monero to break direct on‑chain links between wallets.
- The target reported about $13 million in 2025 revenue, more than $2.5 billion in total volume, support for over 100 networks, and a majority of recent activity that touched Solana.