SOL Strategies Receives Nasdaq Approval as First Solana Treasury Company
SOL Strategies has received approval for its listing on Nasdaq, becoming the first treasury company linked to Solana (SOL) to achieve this. Trading under the ticker “STKE” will commence on September 9, 2025.
SOL Strategies Nasdaq Listing Details
- The company will still trade on the Canadian Securities Exchange (CSE) as "HODL."
- Shares from the OTCQB Venture Market listed as "CYFRF" will automatically convert to the Nasdaq listing.
- The listing depends on regulatory compliance and SEC approval of the Form 40-F Registration Statement.
CEO Leah Wald highlighted that the listing enhances liquidity and attracts institutional investors to Solana's infrastructure. She noted:
This milestone demonstrates the growth potential within the high-performance blockchain ecosystem.
Impact on SOL Price
- The listing is expected to boost SOL Strategies’ validator operations and increase demand for Solana staking.
- SOL Strategies holds 0.68% of the cryptocurrency’s supply, equating to 370,420 SOL tokens, valued at $75 million, with a yield of $13 million from an investment of over $62 million.
- The SOL price surged to $210 following the announcement but retraced to approximately $205, marking a 1.2% increase in 24 hours.
