CN:HODL Stock Tumbles as Investors Question SOL Exposure and Staking Business
CN:HODL, the Canadian stock of SOL Strategies Inc., fell by 7.34% on August 26, 2026, making it one of the notable decliners in the market.
The company's stock price has been fluctuating due to its exposure to Solana (SOL), as well as its validator infrastructure and staking business.
The recent acquisition of Houdini, a privacy-focused cross-chain swap platform, has added a new revenue stream for the company.
Houdini generated approximately C$1.2 million in swap aggregator fees from just one month of operations and contributed around C$768,000 in EBITDA during the quarter.
However, SOL Strategies' traditional staking and validation business experienced a significant decline due to lower average SOL prices and reduced staking and block rewards.