SOL Strategies' fiscal Q3 2026 results showed HoudiniSwap broadening revenue beyond staking, but a June 30 filing also highlighted liquidity pressure and potential SOL sales. HoudiniSwap, acquired on June 1, 2026 for $18 million, contributed about C$1.1 million in revenue and roughly C$740,000 in EBITDA during its first full month under new ownership, while a newer disclosure reported C$1.2 million in fees and C$768,000 in EBITDA for June. The platform processed about C$92 million across 34,427 orders. SOL Strategies reported C$1.87 million in cash and C$37.33 million in current liabilities at June 30, with roughly C$22 million of digital assets unencumbered and available for conversion into fiat. It held roughly 460,000 SOL worth C$48 million at quarter-end in the newer filing, including 252,851 SOL pledged to Kamino Finance against approximately C$13.9 million of debt, while an earlier update reported about 524,000 SOL on its balance sheet and delegated assets of roughly 3.468 million to 3.55 million SOL. Management said resources should support operations for at least 12 months through cost reductions, staking, validator operations, HoudiniSwap revenue, selective SOL sales, securities issuance and possible borrowing, but further financing could increase dilution or future liabilities.