Sol Strategies applies for listing on NASDAQ in the U.S. under the code STKE, hoping to raise funds from the world's largest capital market to accelerate the expansion of its Solana layout and staking scale. (Background: Has the whale turned into a small shrimp? James Wynn opens another Bitcoin long position worth less than $20,000, supporting CZ in promoting dark pool DEX: Can it blow up Hyperliquid) (Additional background: From now on, please call CZ 'Big Cousin'! Thanks to the community for the nickname 'I'm honored', angrily criticizing the New York Times in private) Canadian listed company Sol Strategies (HODL) is heading towards NASDAQ in the U.S., planning to list under the code STKE. The company's stock price has soared over 2,000% since its transformation. If successful in the U.S., it is expected to tap into the world's largest capital market, adding ammunition for the continuous accumulation of Solana (SOL). From merely holding to a hybrid model of 'validating while staking', Sol Strategies is not just holding cryptocurrencies, but is building a 'holding + infrastructure' model. Latest data shows that the company holds approximately 420,355 SOL (about 100 million CAD) and operates Solana validation nodes while staking tokens to earn additional SOL rewards. Validation nodes are responsible for confirming transactions and producing blocks, while staking locks tokens to enhance network security, both becoming stable channels for the company to earn tokens. Significance of U.S. listing: Capital efficiency and market visibility If the listing on NASDAQ is successful, it is expected to allow Sol Strategies to reach a wider range of U.S. institutions and retail investors, strengthening fundraising speed and further expanding SOL acquisition and staking scale. In April of this year, Sol Strategies signed a $500 million convertible note agreement, with the initial $20 million used to purchase SOL. Recently, the company submitted a short-term basic comprehensive fundraising prospectus in Canada, planning to raise up to $1 billion within two years, fully ramping up its investment in the Solana ecosystem. Growth and risk coexist According to a previous report by Cointelegraph, Sol Strategies' staking and validation income is expected to rise to 2.54 million CAD in the second quarter of 2025, but the operational, administrative, and equity compensation expenses brought by expansion have resulted in a quarterly net loss of 4.8 million CAD. The unlocking of tokens and price volatility brought by liquid staking could also affect revenue stability. In summary, Sol Strategies' listing in the U.S. is another step in connecting traditional finance with the blockchain economy. If fundraising goes smoothly, the company will have more resources to expand its Solana territory, and investors can also participate in the potential growth of SOL through a familiar stock format. However, if the crypto market fluctuates, the stock price may also face severe setbacks, which is a hidden risk. Related reports $HYPE surged to $42, creating a new historical high! Brother Ma Ji took profits, earning $6.5 million, while whales made large purchases of Hyperliquid. Has the whale turned into a small shrimp? James Wynn opens another Bitcoin long position worth less than $20,000, supporting CZ in promoting dark pool DEX: Can it blow up Hyperliquid. "Sol Strategies applies for listing on NASDAQ in the U.S. under the code STKE: Accelerating the Solana layout and staking scale" This article was first published on BlockTempo (the most influential blockchain news media).