SOL Strategies reports $1.1M CAD in swap aggregator revenue for Q3 2026
SOL Strategies, the Solana-focused infrastructure firm trading on both the CSE (HODL) and NASDAQ (STKE), just posted fiscal Q3 2026 results that tell a clear story: the company is no longer just a staking play.
The headline number comes from Houdini Swap, a cross-chain trading platform SOL Strategies acquired 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. That works out to roughly a 63% EBITDA margin.
Houdini’s debut month by the numbers
The $1.1 million CAD in revenue was driven by approximately $92 million CAD in trading volume spread across 34,427 orders during June 2026. For a platform that just changed hands, those are solid figures suggesting minimal disruption from the ownership transition.
Before the acquisition, the platform had accumulated cumulative trading volume exceeding $2.5 to $2.7 billion and generated roughly $13 million USD in revenue during 2025.
CEO Michael Hubbard emphasized that the acquisition diversifies the company’s revenue without tapping into its treasury SOL holdings.
Staking still hums, but growth has slowed
In fiscal Q2 2026, which ended March 31, staking and validation revenue came in at 9,171 SOL. That represented a 6% decline quarter over quarter.
SOL Strategies currently holds approximately 524,000 SOL on its balance sheet. On the delegation front, assets under delegation climbed to between 3.468 million and 3.55 million SOL. The company also reported 100% uptime across its proprietary validators.
The institutional bet
Jon Matonis has been appointed as board chairman following the Houdini acquisition.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PTC Therapeutics Closes Acquisition of the ST-920 Gene Therapy for Fabry Disease
The U.S. stock market increased its market capitalization by $1.2 trillion today.
Meta surges 13%! Muse tops the Apple App Store rankings, analysts say AI investments are starting to pay off
Meta's AI assistant, Muse, has climbed to the top spot on the free charts of both Apple's and Google's app stores in the US. Early data indicates that its download volume has already surpassed previous iterations. Evercore analysts stated that this achievement is a concrete sign that Meta's multi-billion dollar investments in AI are beginning to pay off, potentially opening new monetization channels such as advertising, subscriptions, and revenue sharing. During intraday trading, Meta surged by 13%, with its core supplier AMD rising by 10% and Intel by 15%.
IWM ETF Gains 0.5%
Crypto prices
More
