SOL Strategies Sees Revenue Surge from Houdini Swap Acquisition
SOL Strategies, a Solana-focused infrastructure firm listed on both the Canadian Securities Exchange (CSE) as HODL and NASDAQ as STKE, has released its Q3 2026 financial results. The company's performance story is clear: it's no longer just a staking play.
The key revenue figure comes from Houdini Swap, a cross-chain trading platform acquired by SOL Strategies on June 1, 2026, for $18 million USD. In its first full month under new ownership, Houdini generated approximately $1.1 million CAD in revenue and around $740,000 CAD in EBITDA, which translates to a 63% EBITDA margin.
The trading volume on Houdini was impressive, with roughly $92 million CAD in trades spread across 34,427 orders during June 2026. This suggests minimal disruption from the ownership change.