Monitor the Water Tower Research conference on September 22 for any material updates on revenue conversion rates or guidance. The volume growth is encouraging but unaudited and lacks revenue context — wait for the next quarterly filing (10-Q) to assess whether this volume translates into actual earnings.
Price Chart
Executive Summary
SOL Strategies reported that its wholly-owned Houdini Swap processed approximately US$74 million in August 2026, up 14% from June's US$65 million and 12% from July's US$66 million, with private swaps accounting for 74% of August volume. The filing also notes CEO Michael Hubbard and Steve Ehrlich will present at the Water Tower Research Insights Conference on September 22, 2026, and that Stephen Ehrlich moved from Chief Strategy Officer to Director of Capital Markets.
Key Facts
- Houdini Swap monthly volume: ~US$65M (June), ~US$66M (July), ~US$74M (August) — up ~14% from June and ~12% from July.
- 74% of August volume was through private swaps.
- Over 120,000 orders executed in the three months ended August 2026, totaling ~US$206 million.
- Over US$113 million in volume touched the Solana blockchain in that period (~55% of total).
- CEO Michael Hubbard and Steve Ehrlich to present at Water Tower Research Insights Conference on September 22, 2026.
- Stephen Ehrlich moved from Chief Strategy Officer to Director of Capital Markets.
- All volume figures are preliminary, unaudited, and subject to change.
Financial Impact
No revenue, earnings, or cash flow figures reported. Monthly swap volume of ~US$74M in August is a 14% increase from June's ~US$65M, but the company does not disclose what portion of this volume translates into revenue or profit.
Risk Factors
- All volume figures are preliminary and unaudited — subject to material revision.
- No revenue or profit data disclosed; volume growth does not guarantee profitability.
- Forward-looking statements about growth and product development are not guaranteed.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001062993-26-004950 |
| Document: form6k.htm | 0001062993-26-004950 |
| Document: 0001062993-26-004950-index-headers.html | 0001062993-26-004950 |
| Document: 0001062993-26-004950-index.html | 0001062993-26-004950 |
| Document: 0001062993-26-004950.txt | 0001062993-26-004950 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 5w ago | 6-K | $1.63 $1.31 | ▼ −19.63% | ▼ −19.07% | $1.24 (−23.93%) |
Sep 15, 2026 6w ago | 6-K | $1.12 $1.46 | ▲ +30.36% | ▲ +27.63% | $1.24 (+10.71%) |
Aug 17, 2026 10w ago | 6-K | $1.01 $1.12 | ▼ −10.89% | ▼ −12.87% | $1.24 (−22.77%) |
Jul 27, 2026 13w ago | 6-K | $1.06 $1.29 | ▲ +21.70% | ▲ +18.40% | $1.24 (+16.98%) |
Jul 16, 2026 14w ago | 6-K | $1.12 $1.06 | ▼ −5.36% | ▼ −8.97% | $1.24 (+10.71%) |
Jul 2, 2026 16w ago | 6-K | $1.50 $1.02 | ▼ −32.00% | ▼ −31.59% | $1.24 (−17.33%) |
Jun 29, 2026 17w ago | 6-K | $1.18 $1.06 | ▼ −10.17% | ▼ −9.89% | $1.24 (+5.08%) |
Jun 3, 2026 20w ago | 6-K | $1.32 $1.50 | ▲ +13.64% | ▲ +14.64% | $1.24 (−6.06%) |
Jun 2, 2026 21w ago | 6-K | $1.33 $1.60 | ▲ +20.30% | ▲ +21.87% | $1.24 (−6.77%) |
May 18, 2026 23w ago | 6-K | $1.84 $1.26 | ▼ −31.52% | ▼ −32.51% | $1.24 (−32.61%) |
US Market Status
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