SOL Strategies Receives Nasdaq Approval for STKE Listing Starting September 9
SOL Strategies Inc. has received Nasdaq approval to list its common shares on the Global Select Market under the ticker "STKE," starting September 9, 2025. The company will retain its Canadian Securities Exchange listing as "HODL" and cease trading on the OTC Market.
SOL Strategies Achieves Nasdaq Listing
- SOL Strategies is the first Solana treasury company to reach Nasdaq.
- The firm focuses on validator operations and holds over 420,000 SOL tokens valued at approximately $61.32 million.
- CEO Leah Wald highlighted this milestone as a way to attract institutional investors to the Solana ecosystem.
- Company operations include direct SOL token acquisition, validator node operations for staking rewards, and strategic investments within Solana.
- Generated over $2.5 million in staking revenue in Q2 2025, but remains unprofitable due to high costs.
- Has secured a $500 million convertible note facility and plans to raise up to $1 billion CAD through a preliminary base shelf prospectus.
Stock Performance
- SOL Strategies stock surged over 1,775% on the CSE in the past year.
- The Nasdaq transition is expected to improve liquidity and access to capital markets.
- This trend reflects a broader movement of crypto companies seeking US exchange listings, with other firms like Circle and eToro also making similar transitions.