SOL Strategies, which is implementing a SOL reserve strategy, announced the acquisition of HoudiniSwap, a non-custodial cross-chain swap aggregator, for $18 million, The Block reported. HoudiniSwap is a service that connects centralized and decentralized exchanges with blockchain bridges to provide optimal swap routes, generating approximately $13 million in revenue last year. The acquisition will be paid with $8.25 million in cash, a $5.75 million promissory note due in six months, and $4 million in STKE shares. SOL Strategies plans not to sell its existing SOL holdings. SOL Strategies currently holds over 524,000 SOL, with delegated assets totaling approximately 3.8 million SOL.
