NewsBTC

10 September 2025

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SOL Strategies Becomes First Solana Firm to List on Nasdaq as STKE

SOL Strategies has become the first Solana-centric enterprise to be listed on the Nasdaq under the ticker STKE, starting September 9, 2025. Key points from this development include:

• The listing is viewed as validation for the Solana ecosystem.
• Increased institutional interest may lead to higher total value locked (TVL) in Solana DeFi applications.
• SOL Strategies holds 435,064 $SOL tokens, valued at approximately $95.4 million, making it a major institutional holder.
• Access to U.S. capital markets will enhance SOL Strategies' operations and infrastructure.
• SOL prices surged past $219 following the announcement, maintaining upward momentum of 5.7% this week.
• Solana's market capitalization reached around $119 billion, placing it as the sixth-largest cryptocurrency globally.
• Positive forecasts suggest $SOL could trade above $220 if bullish trends persist.
• The presale of Snorter Token ($SNORT) raised $3.82 million, with anticipated significant price appreciation.

This Nasdaq listing signals increased liquidity and credibility for the Solana blockchain, potentially benefiting investors in related projects. Early participation in Snorter Token’s presale presents an opportunity for substantial returns.