Sol Strategies, a Solana treasury firm, has filed Form 40-F with the U.S. SEC, seeking approval to list on the Nasdaq under the ticker STKE.
Canadian firm Sol Strategies , one of Solana's three largest SOL treasury firms, recently filed with the U.S. Securities and Exchange Commission (SEC) for approval to list on the Nasdaq .
Following the move, the price of Sol Strategies shares, which trade on the Canadian Securities Exchange under the ticker HODL , increased by more than 4.2% to $2.38.
Currently, the company already has a treasure of 420,000 SOL , worth $63 million at the current SOL price.
Solana's Treasury Firm Eyes Nasdaq Listing
Yesterday, Wednesday, June 18, Sol Strategies filed Form 40-F with the SEC, seeking regulatory approval from the U.S. securities regulator to trade under the ticker STKE on the Nasdaq exchange.
The listing on the Nasdaq platform will give the company greater visibility among global investors. In the future, the company could follow MicroStrategy's path with capital dilution and bond issuance, and allocate the funds raised to the acquisition of additional Solana (SOL) tokens .
A recent report from Cantor Fitzgerald noted that companies will be more interested in building a Solana treasury than a Bitcoin or Ethereum treasury. This is because, with exposure to Solana, these companies have the opportunity to earn additional returns through staking.
Sol Strategies has actively increased its holdings in Solana (SOL) as part of a broader strategy to build its Solana cash reserves.
Last month, on May 27, the company announced that it had filed a prospectus with Canadian regulators, paving the way for a potential $1 billion HOLD share issue to fund further investment in the Solana ecosystem.
In early April, Sol Strategies raised $500 million through convertible bonds, which it used to purchase and stake SOL tokens.
Companies' Rush to SOL Increases
As the regulatory environment under the Trump administration becomes increasingly crypto-friendly, a growing number of companies are comfortable seeking exposure to alternative asset classes, including Solana .
Earlier this month, Nasdaq-listed Classover Holdings announced plans to raise $500 million to build its Solana Treasure. The ed-tech company has already signed a convertible bond financing deal to raise the funds.
Earlier this week , Hong Kong-based MemeStrategy became the first publicly traded company to announce plans to establish a Solana Strategic Reserve (SOL).
The company acquired 2,440 SOL tokens for an investment of HKD 2.9 million. The recent rally comes as the likelihood of a Solana spot ETF being approved on the market is rising.
Solana Network Welcomes New Project That Revolutionizes Cryptocurrency Trading
Recently a new project has been added to the great Solana family: Snorter (SNORT) .
Snorter is a Solana-based Telegram trading bot, specifically designed to spot real market opportunities before they explode. The bot is able to maximize user profitability with lightning-fast swaps, front-running, MEV protection, and intelligent copy trading.
Just a few weeks after its launch, the presale of the SNORT token , the project's native cryptocurrency, has already raised more than $1.1 million.
SOL holders can benefit from greater ease of participation, but it is also possible to purchase SNORT at the unit price of $0.0957 with cryptocurrencies such as ETH, BNB, USDT, USDC or credit card.
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