- SOL Strategies to begin Nasdaq trading under STKE on Sept 9, 2025, after SEC registration approval.
- The company manages 3.62M SOL under delegation and holds over 420K SOL in its treasury.
- ARK Invest moved 3.6M SOL to SOL Strategies as institutions expand exposure to Solana staking.
SOL Strategies Inc., a Canadian Solana-focused firm, confirmed approval to list its common shares on the Nasdaq Global Select Market. Trading will start Tuesday, September 9, 2025, under ticker STKE. This marks the first Solana-focused public company to achieve a U.S. listing, giving investors regulated Solana exposure.
Nasdaq Debut Expands Institutional Reach
SOL Strategies confirmed its approval after submitting a Form 40-F registration with the U.S. Securities and Exchange Commission. Trading on Nasdaq is set for September 9, 2025, under ticker STKE. Until then, the shares continue trading on the Canadian Securities Exchange under HODL.
Shares will no longer appear on the OTCQB Venture Market, where they currently trade as CYFRF. The company said shareholders do not need to take action because holdings will automatically convert to the Nasdaq listing.
CEO Leah Wald said, “This represents more than just an achievement for SOL Strategies, it’s validation for the entire Solana ecosystem.” Wald explained that Nasdaq access will allow the firm to reach deeper capital markets and attract institutional investors.
Validator Growth and Market Expansion
SOL Strategies has prepared for Nasdaq listing by consolidating shares on a one-for-eight basis in July 2025. This reduced outstanding shares from 176 million to about 22 million, meeting Nasdaq’s bid price requirements. The company also adjusted warrants, options, and convertible securities proportionately.
By mid-2025, filings showed holdings of more than 420,000 SOL. In August, it reported 3.62 million SOL managed under delegation, including 402,623 SOL from its treasury. The company now serves 8,812 wallets staking through its validator operations. Institutional interest has expanded. In July, ARK Invest moved 3.6 million SOL, valued near C$888 million, to the firm’s infrastructure.
Other firms, including Galaxy Digital, Jump Crypto, and Multicoin Capital, are raising $1 billion for Solana reserves. DeFi Development Corp. has doubled holdings to over 2 million SOL. The company expects Nasdaq trading to enhance liquidity, accelerate validator growth, and strengthen its role as a leading institutional gateway for Solana.
