Sol Strategy to acquire swap aggregator HoudiniSwap for $18M

Sol Strategy, a company implementing a SOL reserve strategy, is acquiring non-custodial cross-chain swap aggregator HoudiniSwap for $18 million, The Block reported. HoudiniSwap connects centralized and decentralized exchanges with blockchain bridges to provide optimal swap routes, generating approximately $13 million in revenue last year. The payment will consist of $8.25 million in cash, a $5.75 million promissory note due in six months, and $4 million in STKE stock. Sol Strategy plans to complete the acquisition without selling its existing SOL holdings. The company currently holds over 524,000 SOL and has approximately 3.8 million SOL in delegated assets.