SOL Strategy Applying to Trade in the US Market with Cryptocurrencies
Amid the massive growth of the cryptocurrency market, SOL Strategies has officially filed Form 40-F with the US Securities and Exchange Commission (SEC). The Canadian company aims to list its securities on the NASDAQ under the ticker STKE, expanding its global reach. This status will help them reach investors around the world, especially institutional investors, who have traditionally had limited exposure to blockchain-based projects like Solana.
Stock Exchange Market and Development Orientation
NASDAQ, the world's second-largest market, has a market capitalization of more than $30.12 trillion and lists more than 3,300 companies. Meanwhile, CSE has more than 762 securities. CEO Anthony Pompliano emphasized that many crypto-related companies have been excluded from the US market due to strict regulatory barriers. Expanding to the US helps SOL Strategies seek breakthrough opportunities in the blockchain and digital services sector.
Market Impact and Response
Following the SEC filing, SOL Strategies shares rose 4.39% in trading on Tuesday. The company opened at $2.42 CAD ($1.76 USD), ending the day at $2.38 CAD ($1.73 USD). However, the stock is down 17% year-to-date and 61% from its all-time high of $6.1 CAD on Jan. 22, according to Google Finance. The crypto market remains volatile, as evidenced by the stock’s volatility amid international cooperation.
“The NASDAQ filing is a pivotal moment in our journey to combine institutional investment with the limitless potential of the Solana ecosystem. At this point, SOL Strategies is on track to break through and create sustainable shareholder value through a long-term strategy.”
-Leah Wald, CEO of SOL Strategies.
SOL Strategies Financial Reports and Investment Strategies
Despite reporting a net loss of CAD 4.8 million (approximately USD 3.5 million) in Q2 2025, revenue from staking and blockchain validation skyrocketed to CAD 2.54 million (approximately USD 1.85 million), up from CAD 67,000 in the same period last year. The company has changed its name from Cyberpunk Holdings and is focusing on developing the Solana ecosystem, SOL storage, and operating validation nodes based on this blockchain.
Strong Investment Policy In Solana Ecosystem
According to the SOL Strategies homepage, as of June 2, 2024, they have accumulated more than 420,000 SOL Tokens, worth approximately $61.32 million. In December 2024, the company also plans to expand its validators, strengthening the Solana ecosystem, and is expected to increase the number of validating SOL to 1.49 million, worth more than $470 million CAD. The transaction includes a cash payment of $750,000 or equivalent in SOL or USDC, along with the issuance of 750,000 shares at the market price on the signing date.
Future Development and Fundraising Strategy
In May, SOL Strategies registered to issue $500 million in convertible securities to purchase and stake SOL tokens. It also issued SUI tokens, significantly reducing its Bitcoin holdings, aiming to maximize the benefits of blockchains associated with the Solana ecosystem. In particular, the company plans to raise up to $1 billion through equity issuance to support expansion and strategic investments.
Cryptocurrency Investment Analysis and Prospects
Analysts from Cantor Fitzgerald said that companies investing in the Solana ecosystem have an advantage as the SOL Token is increasingly used in the financial industry, especially in asset tokenization. The Solana ecosystem stands out for its high processing speed and low cost, making it a potential platform for DeFi applications and other blockchain projects.
Source: https://tintucbitcoin.com/sol-strategies-xin-phep-sec-niem-yet-nasdaq/
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