- SOL Strategies received Nasdaq approval to list its common shares on the Nasdaq Global Select Market.
- Trading will begin Sept. 9 under the ticker STKE; shares will still trade on the Canadian Securities Exchange under HODL and will be removed from the U.S. OTC market (CYFRF).
- The company held 435,064 SOL tokens as of Aug. 31, worth about $86.3 million at the SOL price shown in the source.
- “This listing provides our shareholders with enhanced liquidity while giving us access to deeper capital markets as we continue scaling our validator operations and expanding our ecosystem investments,” said CEO Leah Wald.
- The firm said the Nasdaq listing should boost visibility with institutional investors, liquidity, and access to capital for scaling validator and staking operations.
SOL Strategies (HODL), a Toronto-listed digital asset firm focused on the Solana Blockchain, won approval to list its common shares on the Nasdaq Global Select Market, the company said Friday. Trading will start Sept. 9 under the ticker STKE.
Shares will remain available on the Canadian Securities Exchange under the symbol HODL and will be delisted from the U.S. over-the-counter market where they traded as CYFRF; holders of OTC shares do not need to act because their shares will automatically convert to the Nasdaq listing.
As of Aug. 31 the company held 435,064 SOL tokens. Using the SOL price shown in the source, that holding is worth about $86.3 million. The company began buying SOL in the second quarter of last year after shifting strategy, and HODL stock was up about 8% in Toronto trading.
SOL Strategies said the Nasdaq listing will increase visibility with institutional investors, improve liquidity, and broaden access to capital markets. “This listing provides our shareholders with enhanced liquidity while giving us access to deeper capital markets as we continue scaling our validator operations and expanding our ecosystem investments,” said CEO Leah Wald. She added it is also, in her view, a sign of “validation for the entire Solana ecosystem.”
The firm is positioning itself as an institutional gateway into Solana staking and infrastructure. Staking means locking tokens to support network operations in return for rewards; validators are nodes that process transactions and secure the network.
The company said it expects the Nasdaq listing to accelerate validator growth, support operational scalability as Solana staking demand rises, and help bring more institutional capital into the network. Read more: SOL Strategies Files to List on Nasdaq
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Hyperlane Launches on Radix, Enabling Seamless Cross-Chain Transfers
- Justin Sun Pledges $20M for Trump-Linked Crypto After Wallet Ban
- Old Const Sues Bitmain Over Alleged Breach of Mining Agreement
- Bitcoin Wavers After Weak Jobs Report; Fed Cuts Expected Now
- Laos Officially Seeks BRICS Membership, Awaits Bloc Decision
