In a landmark improvement for the Solana (SOL) ecosystem, SOL Strategies has obtained approval for its itemizing on the Nasdaq, marking a major milestone as the primary treasury firm related to SOL to attain this standing. The firm is about to start buying and selling underneath the ticker image “STKE” on September 9, 2025.
SOL Strategies Set To Make Nasdaq Debut
Upon its Nasdaq debut, SOL Strategies will proceed to keep up its presence on the Canadian Securities Exchange (CSE) underneath the image “HODL.” Notably, shares presently buying and selling on the OTCQB Venture Market underneath the image “CYFRF” will robotically convert to the Nasdaq itemizing.
The itemizing is contingent upon assembly all regulatory necessities, together with the approval of the Company’s Form 40-F Registration Statement by the United States Securities and Exchange Commission (SEC).
Leah Wald, CEO of SOL Strategies, expressed enthusiasm in regards to the Nasdaq itemizing, stating that it aligns the corporate with a few of the most progressive know-how corporations globally.
She emphasised that this approval not solely enhances liquidity for shareholders but additionally positions SOL Strategies to draw institutional traders who acknowledge the potential of Solana’s infrastructure. Wald additional acknowledged:
As a number one Solana-focused firm to achieve this milestone, we’re proud to display the institutional high quality and progress potential that exists inside this high-performance blockchain ecosystem. Our itemizing opens new pathways for institutional capital to entry Solana infrastructure by way of regulated and clear markets
SOL Price Surges
The Nasdaq itemizing is anticipated to speed up SOL Strategies’ progress in validator operations, pushed by elevated demand for Solana staking. Furthermore, it’s anticipated to strengthen the corporate’s function as a gateway for institutional funding in Solana’s ecosystem.
According to CoinGecko information, SOL Strategies holds 0.68% of the cryptocurrency’s provide, equal to 370,420 SOL tokens. This was reportedly achieved at a complete price of simply over $62 million. This funding has resulted in a yield of $13 million for the corporate; at present costs, it’s now valued at $75 million.
The announcement sparked a brand new leg up for the SOL worth, reaching as excessive as $210 on Friday. As of this writing, the altcoin has retraced again towards $205, which means a 1.2% surge within the 24-hour timeframe.
Featured picture from DALL-E, chart from TradingView.com
