SOL Strategies to List Shares on Nasdaq September 9
SOL Strategies Inc., a Canadian company focused on the Solana blockchain, announced on September 5 that it has received approval to list its common shares on the Nasdaq Global Select Market. Trading is scheduled to begin Sept. 9 under the ticker symbol STKE. The shares will continue to trade on the Canadian Securities Exchange under the symbol HODL but will be delisted from the OTCQB Venture Market, where they currently trade as CYFRF. Shares held on the OTCQB will automatically transition to Nasdaq without action from shareholders. Transition to U.S. Exchange The move marks the company’s shift from an over-the-counter listing to a major U.S. exchange, a step that often brings increased visibility among institutional investors. SOL Strategies said the listing is still subject to meeting all Nasdaq and regulatory requirements, including the effectiveness of a Form 40-F registration with the U.S. Securities and Exchange Commission. Chief Executive Leah Wald said the Nasdaq listing is intended to broaden the company’s investor base and provide greater liquidity for existing shareholders. “This milestone positions us to attract institutional investors who recognise the potential of Solana’s infrastructure,” Wald said in a statement. Solana-Focused Operations Formerly known as Cypherpunk Holdings, SOL Strategies invests in and develops infrastructure supporting the Solana blockchain, including validator operations. The company said it expects the Nasdaq listing to help scale its validator growth, expand institutional partnerships, and strengthen its role as a gateway for investors seeking exposure to the Solana ecosystem. The firm also noted that demand for Solana staking continues to increase, and access to U.S. capital markets could accelerate operational expansion. SOL Strategies highlighted its focus on regulated and transparent markets as a key part of its approach. Shareholder Impact For shareholders, the most immediate change is the shift in trading venue. Current OTCQB shareholders will see their holdings automatically converted to the Nasdaq listing, with no action required. The company said maintaining its CSE listing ensures continued accessibility for Canadian investors. SOL Strategies’ Nasdaq debut underscores a growing trend of blockchain-focused firms seeking listings on larger U.S. exchanges to expand access to deeper pools of capital. The company’s decision comes amid heightened attention on Solana, a blockchain known for its high transaction speeds and growing developer community. The listing is expected to take effect at market open on Sept. 9, pending final regulatory approvals.
