Canadian blockchain company SOL Strategies will make its debut on Nasdaq this week after receiving approval for its stock listing.
SOL Strategies announced last Friday that it will begin trading its common stock on the Nasdaq Global Select Market starting September 9, under the ticker symbol STKE.
This listing will end the company's stock trading on the over-the-counter venture market OTCQB, while maintaining trading activity on the Canadian Securities Exchange.
"This listing provides our shareholders with greater liquidity while allowing us to access deeper capital markets as we continue to expand our validator operations and ecosystem investments," said Leah Wald, CEO of SOL Strategies.
The company offers traders access to the Solana blockchain through a staking agreement with its native token, Solana (SOL). SOL Strategies announced in April that it raised $500 million in convertible bonds to purchase SOL tokens.
Following the Nasdaq announcement, SOL Strategies' stock, trading under the ticker HODL on the Canadian Securities Exchange, surged about 20% on Friday. The company reported a net loss of approximately $3.5 million for the second quarter of 2025.
Among the companies betting on the SOL treasury is DeFi Development Corp., which announced on Friday that it had newly acquired $39.76 million worth of SOL tokens, bringing its total holdings to 2 million SOL.
Last Tuesday, Solana announced that a vast majority of the 52% stake participating in the governance process voted in favor of upgrading the network to the consensus protocol Alpenglow. This upgrade is expected to significantly reduce the final confirmation time for transactions on the network.
"At this speed, Solana can achieve Web2-level response times with L1 finality, unlocking new use cases that require speed and cryptographic certainty," the Solana Foundation stated in a blog post.
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Original article: “Nasdaq Approves SOL Strategies for Listing on September 9”
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