SOL Strategies Completes $18M HoudiniSwap Acquisition Adding $13M Revenue Platform
STKE•SOL Strategies closed its $18M acquisition of HoudiniSwap—adding a platform with $13M revenue in 2025 and $2.5B cumulative swap volume—financed via Solana DeFi without touching treasury SOL. It also appointed Jon Matonis as Board chairman and reported 624,274 SOL staked on STKESOL with a peak 5.92% APY.
1. Acquisition of HoudiniSwap
On June 1, 2026, SOL Strategies completed its $18 million acquisition of HoudiniSwap LLC, a non-custodial, privacy-focused cross-chain swap aggregator that generated $13 million in revenue during 2025 and processed $2.5 billion in cumulative swap volume. The cash component was financed entirely through decentralized finance protocols on Solana, preserving the company’s treasury SOL, and adds integrations with 32 exchange partners and multi-chain routing across over 100 blockchain networks.
2. Board Appointment Strengthens Governance
SOL Strategies appointed Bitcoin Foundation co-founder Jon Matonis as Chairman of the Board, leveraging his two decades of experience in financial cryptography, executive roles at VISA and VeriSign, and advisory work for blockchain companies. Matonis’ expertise is expected to enhance strategic decision-making and corporate governance as the company scales its digital asset infrastructure.
3. STKESOL Platform Performance
As of May 2026, SOL Strategies’ liquid staking token STKESOL had 624,274 SOL staked across 1,353 unique holders, with total assets under delegation reaching 3,649,585 SOL. The proprietary validator network achieved 100% uptime, delivered a peak APY of 5.92% versus the 5.59% Solana network average, and earned 780 net SOL in May, reinforcing operational reliability and revenue diversification.
