SOL Strategies Adds Houdini Business as Staking Income Drops
The digital asset infrastructure company reported $1.2 million in swap aggregator fees from its new Houdini subsidiary during a single month of operations.
SOL Strategies Inc. (STKE), a digital asset infrastructure company, integrated the HoudiniSwap LLC privacy-focused platform into its operations during the fiscal third quarter ended June 30, 2026. The acquisition of the Houdini business, closed on June 1, marked the first period the company reported results on a segmented basis between its core infrastructure and the new subsidiary.
HoudiniSwap generated $1.2 million in swap aggregator fees and $768,000 of EBITDA during the period. These results represent only one month of operations. The company said the Houdini business carries an EBITDA margin of over 60%.
While the privacy technology business added new revenue, the company's staking and validation income fell to $622,299, compared to $3,040,282 for the same period in 2025. This decline resulted from a significant drop in the average Solana price and a reduction in per-epoch staking and block rewards. The company attributed these reward reductions to improved blockchain efficiency and the programmed disinflation of staking emissions by Solana.
Assets under Delegation decreased 8% to 3.4 million SOL, valued at CAD$355 million as of June 30, 2026, from 3.74 million SOL at June 30, 2025. Despite the decline in assets, the company's validators maintained 100% uptime and a peak APY of 5.84%, which was higher than the Solana network average of 5.53%.
Total SOL holdings as of June 30, 2026, were approximately 460,000 SOL, valued at CAD$48 million. This follows a balance of 435,159 SOL, valued at CAD$126.4 million, as of September 30, 2025. The company served more than 33,000 unique wallets across its validator network at the end of the quarter.
The company expects the Houdini business to perform well in the coming quarters.