SOL Strategies’ Houdini Swap tops $3B volume

SOL Strategies Inc. (STKE) reported that its wholly owned platform Houdini Swap, a non-custodial, privacy-focused cross-chain swap aggregator, has surpassed US$3 billion in cumulative swap volume since launch.

Rhea-AI Filing Summary

SOL Strategies Inc. (STKE) reported that its wholly owned platform Houdini Swap, a non-custodial, privacy-focused cross-chain swap aggregator, has surpassed US$3 billion in cumulative swap volume since launch. Houdini had just under US$2.8 billion in cumulative volume at the end of June 2026, its first full month under SOL Strategies.

Since the acquisition closed on June 1, 2026, Houdini has processed over US$260 million in swap volume from more than 150,000 customer orders. The service routes trades across 120+ supported networks, providing privacy-focused mobility among over one million tokens and access to liquidity via integrations with over 30 exchanges. Management highlighted continued growth in volume and the role of its embedded privacy layer within partner platforms.

Key Figures

Houdini cumulative swap volume: US$3 billion Cumulative volume at end of June 2026: Just under US$2.8 billion Post-acquisition swap volume: Over US$260 million +4 more

7 metrics

Houdini cumulative swap volume US$3 billion Cumulative swap volume since Houdini Swap’s launch

Cumulative volume at end of June 2026 Just under US$2.8 billion Houdini’s cumulative volume at the end of June 2026

Post-acquisition swap volume Over US$260 million Swap volume since acquisition closed on June 1, 2026

Customer orders since acquisition Over 150,000 orders Customer orders processed by Houdini since June 1, 2026

Supported networks Over 120 networks Number of blockchain networks supported by Houdini Swap

Supported tokens Over 1,000,000 tokens Tokens available for mobility across all supported blockchains

Integrated exchanges Over 30 exchanges Number of exchanges integrated into Houdini Swap

Key Terms

cumulative swap volume, non-custodial, cross-chain swap aggregator, forward-looking information, +1 more

5 terms

cumulative swap volume financial

"has crossed US$3 billion in cumulative swap volume since launch"

non-custodial technical

"wholly-owned, non-custodial, privacy-focused cross-chain swap aggregator"

Non-custodial means that individuals have full control over their own assets without relying on a third party to hold or manage them. Think of it like keeping your money in your own wallet instead of a bank’s safe deposit box; you are responsible for safeguarding and using your assets directly. For investors, this offers greater privacy and control, but also requires more responsibility for security.

cross-chain swap aggregator technical

"privacy-focused cross-chain swap aggregator, has crossed US$3 billion"

A cross-chain swap aggregator is a software service that finds the easiest, cheapest route to exchange one digital asset for another across different blockchains, bundling together multiple intermediary steps so the user gets a single, smoother transaction. For investors it matters because it can lower trading costs and reduce price slippage while expanding access to liquidity, but it also introduces extra technical and smart‑contract risks tied to the bridges and services it uses.

forward-looking information regulatory

"This news release contains "forward-looking information" within the meaning"

Forward-looking information are predictions, plans, estimates or expectations about a company’s future performance, results or events, such as sales forecasts, project timelines, or anticipated costs. It matters to investors because these statements guide expectations but rely on assumptions and uncertain factors—like a weather forecast for a business—so investors should treat them as informed guesses rather than guarantees and consider the risks and possible changes behind the numbers.

digital asset infrastructure company financial

"is a digital asset infrastructure company focused on high-performance"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What milestone did SOL Strategies (STKE) announce for Houdini Swap?

SOL Strategies announced that Houdini Swap has surpassed US$3 billion in cumulative swap volume since launch, reflecting growing usage of its non-custodial, privacy-focused cross-chain swap aggregation platform across supported blockchain networks and integrated exchanges.

How much swap volume has Houdini generated since SOL Strategies acquired it in June 2026?

Since SOL Strategies’ acquisition closed on June 1, 2026, Houdini Swap has generated over US$260 million in swap volume, originating from more than 150,000 customer orders during that post-acquisition period.

What was Houdini Swap’s cumulative volume at the end of June 2026 for STKE?

At the end of June 2026, which marked Houdini Swap’s first full month of operations within SOL Strategies, cumulative swap volume stood at just under US$2.8 billion, providing the base from which it has since exceeded US$3 billion.

How broad is Houdini Swap’s network coverage under SOL Strategies (STKE)?

Houdini Swap supports over 120 networks, enables mobility between over one million tokens across those blockchains, and is integrated with more than 30 exchanges, allowing partner platforms to route privacy-focused swaps through its infrastructure.

What business focus does SOL Strategies (STKE) describe in this update?

SOL Strategies describes itself as a digital asset infrastructure company focused on high-performance blockchain and privacy technologies, operating staking infrastructure and privacy technology on public blockchain networks for both individual SOL holders and institutional clients.

Does SOL Strategies (STKE) include forward-looking information in this Houdini update?

Yes. The company includes forward-looking information about expectations for continued growth in Houdini’s cumulative volume and related business drivers, and cautions that actual results may differ due to risks and uncertainties described in the statement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/22/2026 - 09:11 AM Accepted by SEC EDGAR 09/22/2026 - 09:10 AM Learn about SEC filing dates

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 001-42710

Sol Strategies Inc.
(Translation of registrant's name into English)

217 Queen Street West, Suite 401
Toronto, Ontario, M5V 0R2, Canada
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐      Form 40-F ☒

SUBMITTED HEREWITH

Exhibit		Description
99.1		News Release dated September 22, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Sol Strategies Inc.
	(Registrant)
Date: September 22, 2026	By:	/s/ Michael Hubbard
		Michael Hubbard
	Title:	Interim CEO

SOL STRATEGIES' HOUDINI SWAP CROSSES US$3 BILLION IN CUMULATIVE SWAP
VOLUME

Over US$260 million in swap volume since acquisition in June

TORONTO, September 22, 2026 - SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) ("SOL Strategies" or the "Company"), a digital asset infrastructure company focused on high performance blockchain and privacy technologies, today shared that Houdini Swap ("Houdini"), the Company's wholly-owned, non-custodial, privacy-focused cross-chain swap aggregator, has crossed US$3 billion in cumulative swap volume since launch.

The milestone builds on a base of just under US$2.8 billion in cumulative volume at the end of June 2026, when Houdini closed its first full month of operations inside SOL Strategies. Since then, volume has kept climbing across the 120+ networks Houdini supports, with partners including Solflare, Terminal and Jumper continuing to route swaps through Houdini's privacy layer.

Houdini is built to provide users optionality and flexibility, providing for mobility between over a million tokens across all supported blockchains and integrations to over 30 exchanges. Since the Company's acquisition of Houdini closed on 1 June, total swap volume has exceeded US$260 million, from over 150,000 customer orders

Michael Hubbard, CEO of SOL Strategies, said: "Three billion dollars is a nice round number, but the real story is where that volume's coming from. We're putting privacy right inside the platforms people already use, so nobody has to change their habits to get it. Combined with our ability to capture higher volumes on the back of increased macro volatility the business is in good shape."

About SOL Strategies

SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) is a digital asset infrastructure company focused on high-performance blockchain and privacy technologies. Headquartered in Toronto, the Company operates staking infrastructure and privacy technology on public blockchain networks, serving a broad range of participants from individual SOL holders to institutional clients.

To learn more about SOL Strategies, please visit www.solstrategies.io. A copy of this news release and all the Company's related material documents regarding the Company may be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.

Investor Contact:

Doug Harris, Chief Financial Officer, 416-480-2488

Media Contact: solstrategies@scrib3.co

Cautionary Note Regarding Forward-Looking Information:

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements and information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the Company's or the Company's management team's expectations, hopes, beliefs, intentions or strategies regarding the future, and expectations regarding the characteristics, value drivers, and anticipated benefits of the Company's business plans and operations related thereto. Forward-looking information can also be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved".

Forward-looking statements in this news release include statements regarding the Company's expectations for continued growth in Houdini's cumulative volume and factors contributing to this growth that may be outside the Company's control. There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.

The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates, and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.

Disclaimer:

SOL Strategies is an independent organization in the Solana ecosystem. SOL Strategies is not affiliated with, owned by, or under common control with Solana Foundation (the "Foundation"), and the Foundation has not entered into any association, partnership, joint venture, employee, or agency relationship with SOL Strategies.

None of the Foundation or its council members, officers, agents or make any representations or warranties, recommendations, endorsements or promises with respect to the accuracy of any statements made, information provided, or action taken by SOL Strategies and expressly disclaim any and all liability arising from or related to any such statements, information or action.

Filing Exhibits & Attachments

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• EX-99.1 EXHIBIT 99.1 8.5 KB