TechFlow News, June 2nd: SOL Strategies has completed its acquisition of Houdini Swap, a non-custodial, privacy-focused cross-chain swap aggregator, for a total consideration of $18 million, paid in a combination of cash and common stock of the company.
According to the announcement, Houdini Swap had processed approximately $2.5 billion in swap volume cumulatively as of closing and integrated with 32 trading partners.
Following this transaction, SOL Strategies further expands its business footprint within the Solana ecosystem into the trading segment; its existing operations already cover validator infrastructure and liquid staking. The cash portion of the acquisition was financed through decentralized finance (DeFi) protocols on Solana, without selling any of its reserve SOL holdings.
