SOL Strategies announces the acquisition of cross-chain aggregator HoudiniSwap for $18 million

robot
Abstract generation in progress

Mars Finance News, according to The Block, Solana Ecosystem Treasury Company SOL Strategies, listed on Nasdaq, announced that it has signed a definitive acquisition agreement with HoudiniSwap. The acquisition amount is $18 million, including $8.25 million in cash, $5.75 million in six-month promissory notes, and $4 million in STKE stock (calculated based on the volume-weighted average price of the 90 days prior to the completion of the acquisition). HoudiniSwap is a non-custodial, privacy-focused cross-chain swap aggregation platform that supports competitive exchange routing for cross-centralized and decentralized exchanges and blockchain bridges. Last year, its revenue was about $13 million.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin