SOL Strategies Inc. has received Nasdaq approval for listing its shares under the ticker 'STKE' starting September 9, 2025. This is a historic event: the first treasury company focused on Solana has achieved major exchange status in the U.S.
Key Notes
The company owns more than 420,000 tokens $SOL worth $61.32 million and manages validation nodes that generate staking rewards.
Over the past 12 months, SOL Strategies has grown by 1775%, securing convertible funding of $500 million and planning to raise 1 billion Canadian dollars.
Trading will begin on September 9 on the global Nasdaq Select Market while maintaining the listing on the Chicago Stock Exchange and ceasing over-the-counter activity.
SOL Strategies Inc., formerly known as Cypherpunk Holdings Inc., received Nasdaq approval for listing its common shares on the Global Securities Market under the ticker 'STKE'. Trading will begin on September 9, 2025.
The company, headquartered in Toronto, will maintain its listing on the Canadian Securities Exchange under the symbol 'HODL' but will cease trading on the over-the-counter market, such as OTCQB, where it previously traded under the symbol 'CYFRF'. Current OTCQB shareholders will not need to take any action, as their shares will automatically transfer to the Nasdaq listing.
SOL Strategies becomes the first Solana Treasury company registered on Nasdaq.
Key Notes
The company owns more than 420,000 SOL tokens worth $61.32 million and manages validation nodes that generate staking rewards.
Over the past 12 months, SOL Strategies has grown by 1775%, securing convertible funding of $500 million and planning to raise 1 billion Canadian dollars.
Trading will begin on September 9 on the global Nasdaq Select Market while maintaining the listing on the Chicago Stock Exchange and ceasing over-the-counter activity.
SOL Strategies Inc., formerly known as Cypherpunk Holdings Inc., received Nasdaq approval for listing its common shares on the Global Securities Market under the ticker 'STKE'. Trading will begin on September 9, 2025.
The company, headquartered in Toronto, will maintain its listing on the Canadian Securities Exchange under the symbol 'HODL' but will cease trading on the over-the-counter market, such as OTCQB, where it previously traded under the symbol 'CYFRF'. Current OTCQB shareholders will not need to take any action, as their shares will automatically transfer to the Nasdaq listing.
SOL Strategies becomes the first Solana Treasury company registered on Nasdaq.
SOL Strategies positions itself as a public gateway to the Solana blockchain ecosystem, specializing in validator operations and strategic ownership of SOL tokens. Currently, the company owns more than 420,000 SOL tokens worth approximately $61.32 million as of the June publication. CEO Leah Wald emphasized the significance of this event in a press release, stating that going public on Nasdaq 'brings us closer to the world's most innovative technology companies and allows us to attract institutional investors who recognize the transformative potential of Solana's infrastructure.'
The listing is a testament to the reliability of the entire Solana ecosystem, as SOL Strategies becomes the first treasury company focused on Solana to achieve Nasdaq status.
The company uses a three-pronged approach: direct acquisition of SOL tokens, managing validation nodes for staking rewards, and strategic investments in the Solana ecosystem. SOL Strategies manages validation nodes that verify transactions and create new blocks, earning rewards in the form of additional SOL tokens based on performance. Despite generating more than $2.5 million in staking revenue in the second quarter of 2025, the company continues to operate at a loss due to high operational expenses.
Nevertheless, SOL Strategies secured significant funding, including convertible bonds amounting to $500 million, and plans to raise up to 1 billion Canadian dollars through a preliminary prospectus.
Shares have risen by 1775% after cryptocurrency companies have gone public on U.S. exchanges.
SOL Strategies shares have demonstrated exceptional momentum, gaining over 1775% over the past 12 months on the Chicago Stock Exchange, making them one of the best cryptocurrency stocks in 2025. The company's transition to Nasdaq is expected to enhance liquidity and provide access to deeper capital markets for further scaling validator operations.
This step is part of a broader trend among cryptocurrency companies seeking listings on U.S. exchanges. Similar firms, such as Circle, eToro, and Galaxy Digital, have recently successfully transitioned to major U.S. exchanges.
