A week after closing its Houdini Swap acquisition, the company said it is shifting focus toward Solana ecosystem operating businesses while using the token sale proceeds to reduce debt.
SOL Strategies Inc. sold 65,001 SOL at about C$87.88 each, raising roughly C$5.75 million to repay debt. CEO Michael Hubbard said that, one week after completing the acquisition of privacy trading platform Houdini Swap, the company will focus on Solana ecosystem-related operating businesses. Earlier disclosures said the Nasdaq-listed Solana treasury company framed the sale as part of balance-sheet management to support validator operations, and said Houdini Swap is expected to generate about $13 million in 2025 revenue. Previous company disclosures also said the transaction was its first disclosed SOL sale since September 2025 and that it held 521,174 SOL as of June 1.