SOL Strategies, the Toronto-listed digital asset firm formerly known as Cypherpunk Holdings, has secured approval to list its common shares on the Nasdaq Global Select Market. Trading is scheduled to begin on Sept. 9 under the ticker STKE, the company announced.
The move will not end the company’s Canadian listing; shares will continue to trade on the Canadian Securities Exchange under the symbol HODL. SOL Strategies’ previous U.S. over-the-counter listing (CYFRF) will be delisted — holders of OTC shares do not need to take action, as their positions will automatically convert to the new Nasdaq listing.
Since pivoting to a Solana-focused strategy, the company has built a meaningful SOL treasury. As of Aug. 31 the firm held 435,064 SOL (roughly CAD$122 million), after beginning SOL purchases in the second quarter of last year when SOL traded near $205.01.
CEO Leah Wald said the Nasdaq listing will boost visibility with institutional investors, improve liquidity for shareholders and broaden access to capital markets. The company is positioning itself as a gateway for institutional participation in Solana staking and infrastructure, aiming to scale validator operations and attract more institutional capital into the network.
Why readers should care: a Nasdaq listing can increase analyst coverage and make it easier for institutional and retail investors to buy into a firm that holds crypto on its balance sheet and runs staking infrastructure. For SOL Strategies, the listing is both a capital-markets milestone and a strategic signal of confidence in Solana’s ecosystem.
Risk note: The company’s performance and share value remain exposed to SOL price volatility, staking operational risks and broader crypto market conditions—factors investors should weigh before buying shares.
Source: Newsfile. Read the original coverage for full details.
