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- SOL Strategies becomes first Solana-focused firm to list on Nasdaq under ticker STKE.
- Holds $94M in SOL and partners with Ark Invest for staking operations.
- Listing expands institutional reach and boosts Solana’s visibility on Wall Street.
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SOL Strategies has officially launched trading on the Nasdaq Global Select Market under the ticker STKE, marking a major milestone for both the firm and the broader Solana ecosystem. As one of the first Solana-focused companies to secure a U.S. exchange listing, the move expands the company’s liquidity, visibility, and access to institutional investors.
A Historic Milestone for Solana-Based Firms
The Toronto-based company, formerly known as Cypherpunk Holdings, continues to trade on the Canadian Securities Exchange, but its Nasdaq listing provides global exposure. To commemorate the launch, SOL Strategies hosted a virtual bell-ringing ceremony recorded directly on the Solana blockchain, followed by a live X Spaces session with executives. CEO Leah Wald emphasized that the listing reflects the company’s mission to build institutional-grade infrastructure within the Solana ecosystem.
Expanding Liquidity and Investor Reach
The Nasdaq debut follows approval received last week and is expected to enhance both shareholder liquidity and validator growth across the Solana network. Earlier this year, SOL Strategies filed a shelf prospectus with Canadian regulators, aiming to raise up to $1 billion through mixed securities offerings. Currently, the firm holds about $94 million worth of SOL in its treasury, signaling strong alignment with Solana’s future.
Endorsements from Ark Invest and Beyond
Institutional confidence in the firm has also grown, with Cathie Wood’s Ark Invest tapping SOL Strategies to manage SOL staking operations for its ARK Digital Asset Revolutions Fund. The move shifts Ark’s validator activity onto the company’s enterprise-grade infrastructure, seen by analysts as a strong endorsement of its technical capabilities.
Also Read: Solana SOL Breakout Imminent: ETF Hype and Alpenglow Upgrade Fuel 23% Rally
The Nasdaq launch coincides with rising corporate demand for Solana exposure. Recently, DeFi Dev Corp added $39.67 million worth of SOL to its balance sheet, bringing its total reserves above $427 million.
By securing a Nasdaq listing, SOL Strategies positions itself as a bridge between Wall Street and the rapidly growing Solana ecosystem. The move not only enhances the company’s market standing but also signals broader institutional recognition of Solana’s role in global finance.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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