Canadian blockchain firm SOL Strategies is ready to debut on Nasdaq subsequent week after securing approval to listing its shares.
In a Friday discover, SOL Strategies stated it could start itemizing widespread shares on the Nasdaq Global Select Market beginning on Sept. 9 below the ticker image STKE.
The itemizing will finish of the corporate’s shares buying and selling on the over-the-counter enterprise market OTCQB, whereas sustaining buying and selling exercise on the Canadian Securities Exchange.
“This itemizing offers our shareholders with enhanced liquidity whereas giving us entry to deeper capital markets as we proceed scaling our validator operations and increasing our ecosystem investments,” stated SOL Strategies CEO Leah Wald.
The firm provides merchants publicity to the Solana blockchain by staking the protocol’s ative token, Solana (SOL). SOL Strategies introduced elevating $500 million in convertible notes in April to purchase SOL tokens.
SOL Strategies’ share worth on the Canadian Securities Exchange below the ticker image HODL surged about 20% on Friday amid the Nasdaq announcement. The firm reported a web lack of about $3.5 million for the second quarter of 2025.
Related: SOL Strategies stories Q2 web lack of $3.5M whereas staking, validating income surge
Among the businesses betting on SOL treasuries is DeFi Development Corp. On Friday, it introduced a contemporary acquisition of SOL tokens value $39.76 million, bringing the corporate’s whole holdings to 2 million SOL.
Solana upgrading to Alpenglow after governance course of
On Tuesday, Solana introduced that an amazing majority of a 52% stake collaborating within the governance course of voted to improve the community to the consensus protocol Alpenglow. The improve is predicted to considerably scale back the transaction finality on the community.
“At these speeds, Solana may understand Web2-level responsiveness with L1 finality, unlocking new use circumstances that require each pace and cryptographic certainty,” the Solana Foundation stated in a weblog submit.
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