SOL Strategies Secures Nasdaq Listing with Trading Starting September 9
SOL Strategies (HODL) has received approval to list its common shares on the Nasdaq Global Select Market, trading under the ticker STKE starting September 9. The firm will continue trading on the Canadian Securities Exchange under HODL but will be delisted from the U.S. over-the-counter market where it traded as CYFRF. OTC shareholders do not need to take any action; their shares will convert automatically to the Nasdaq listing.
- HODL stock increased by 8% in Toronto.
- The company, formerly Cypherpunk Holdings, focuses on the Solana blockchain.
- As of August 31, SOL Strategies held 435,064 SOL tokens, valued at approximately CAD$122 million.
- The Nasdaq listing aims to enhance visibility for institutional investors, improve liquidity, and broaden access to capital markets.
- CEO Leah Wald stated the listing enhances liquidity and supports growth in validator operations and ecosystem investments.
- The firm is positioning itself as a gateway into Solana staking and infrastructure.
- Expected benefits include accelerated validator growth and support for operational scalability amid rising Solana staking demand.