Mergers & Acquisitions ·
SOL Strategies reports CAD $119.4M net loss as digital asset revaluation hits total assets
STKESOL Strategies Inc.
SOL Strategies Inc. filed interim unaudited financial statements for the nine months ended June 30, 2026, reporting a net loss of CAD $119.4 million compared to CAD $9.8 million in the prior year period. The company acquired HoudiniSwap LLC on June 1, 2026, for approximately USD $18 million, comprising cash, promissory notes, and equity issuance, thereby expanding its operations into privacy-focused cross-chain swap aggregation. Total assets decreased to CAD $96.7 million from CAD $169.6 million at September 30, 2025, primarily due to a revaluation loss on digital assets of CAD $61.9 million and impairment losses on intangible assets of CAD $16.1 million. The company completed a LIFE Offering raising CAD $30 million and utilized proceeds to repay existing debt while establishing a secured credit facility with Kamino Finance. SOL Strategies Inc. operates in the blockchain infrastructure industry, focusing on Solana validator services, staking, and privacy technology.