Sol Strategies at Water Tower Research Virtual Insights Conference: broadens beyond staking

On Tuesday, September 22, 2026, Sol Strategies (STKE) presented its expanded business model at the Water Tower Research Virtual Insights Conference, moving beyond its original focus on Solana staking and treasury management. The company unveiled its three-part structure, including Houdini Swap, a cross-chain transactional platform.

Houdini Swap generated between CAD 1 million and CAD 1.2 million in revenue within its first month of operation, with trading volumes rising throughout the summer. The company's Nasdaq listing has improved visibility and liquidity, with approximately two-thirds to three-quarters of daily trading volume now occurring on the exchange.

Management emphasized regulation as the primary catalyst for broader institutional adoption of blockchain infrastructure and tokenized assets. The company is open to further acquisitions and is focusing on organic growth, with the first full quarter of consolidated Houdini Swap results expected in 2027. Sol Strategies' CEO, Michael Hubbard, highlighted the company's evolution over the past two years, shifting from a Solana-focused staking and treasury vehicle to a vertically integrated blockchain infrastructure platform.

The acquisition of Houdini Swap on June 1 marked a strategic pivot, as the company now operates in three main segments: treasury management, validator and staking services, and Houdini Swap's transactional platform. Houdini Swap supports more than 1 million tokens across over 120 blockchains, and the business is volume- and volatility-driven, differentiating it from staking income.

The company's revenue stands at $9.02 million for the last twelve months, down 18% year-over-year, but trading volumes have increased significantly, reaching approximately 5 million shares on July 1. The Nasdaq listing has expanded Sol Strategies' reach among investors and traders, attracting increased institutional interest and liquidity.