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SOL Strategies Completes $18M Acquisition of HoudiniSwap on June 2

2026-06-02 13:01:54

SOL-1.24%

According to Foresight News, SOL Strategies completed its acquisition of HoudiniSwap, a non-custodial cross-chain swap aggregation protocol, on June 2 (initially disclosed on May 4), for a total purchase price of $18 million. The transaction includes $7 million in cash and $4 million in common stock (2,812,301 shares) at closing, with an additional $5.75 million in cash due December 1, 2026, $1.25 million in earnout payments over 18 months, and up to $10 million in performance-based payments over two years. The cash portion was funded through decentralized finance protocols on Solana, without using SOL Strategies' treasury reserves.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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