SOL Strategies acquires cross-chain aggregator HoudiniSwap for $18 million

According to The Block, Nasdaq-listed Solana ecosystem treasury company SOL Strategies announced the signing of a final acquisition agreement with HoudiniSwap, with an acquisition amount of $18 million, which includes $8.25 million in cash, $5.75 million in six-month promissory notes, and $4 million in STKE stock (calculated based on the volume-weighted average price over the 90 days prior to the completion of the acquisition).

HoudiniSwap is a non-custodial, privacy-focused cross-chain exchange aggregation platform that supports competitive exchange routing across centralized and decentralized exchanges as well as blockchain bridges, with revenue of approximately $13 million last year.