Canadian blockchain firm SOL Strategies is set to begin trading on the Nasdaq on September 9, marking a key milestone for the Solana-focused treasury and infrastructure company.
Key Takeaways
- SOL Strategies will list on the Nasdaq under the ticker symbol STKE starting September 9
- The firm aims to attract institutional investors and deepen market liquidity
- CEO Leah Wald says the move validates a year of preparation and signals broader recognition of Solana
- With over $89 million in SOL and 3 million staked SOL, the company ranks among top publicly traded Solana treasuries
What Happened?
SOL Strategies, a Canada-based treasury and infrastructure firm focused on the Solana blockchain, has been approved to list its common shares on the Nasdaq Global Select Market. Trading under the new ticker symbol STKE, the company will officially debut on September 9, while continuing to trade on the Canadian Securities Exchange (CSE) under HODL. This move will also end its trading on the OTCQB Venture Market, with shares automatically converting for OTCQB shareholders.
SOL Strategies Seeks Bigger Capital, Broader Reach
Listing on Nasdaq marks a pivotal shift for SOL Strategies as it eyes broader investor access and institutional visibility. The company sees the U.S. exchange as a gateway to deeper capital markets and stronger credibility among global stakeholders.
CEO Leah Wald called the listing a culmination of over a year of preparation, and emphasized that the move sets the foundation to scale faster. In a statement, Wald said, “We are expanding access and creating a stronger platform for shareholders with real long-term value.”
🚀WE DID IT!
— Leah Wald (@LeahWald) September 5, 2025
SOL Strategies just got approved to trade on @nasdaq!!
After over a year of grinding, late nights, and believing in our vision… we’re finally joining the arena where the gladiators compete. From scrappy underdogs to Nasdaq + CSE, we’re just getting started. Time… https://t.co/WAn1a0sbtT pic.twitter.com/i3w9g36MxK
Wald also shared on social media that this milestone shows that both the firm and Solana’s ecosystem are being recognized among the world’s top tech platforms. She stressed that the Nasdaq debut is not an endpoint, but a launching pad for more ambitious plans.
Strong Treasury and Validator Positioning
SOL Strategies currently holds 435,064 SOL, valued at approximately $89 million, placing it third among publicly traded Solana treasuries according to CoinGecko data. It trails only Upexi and DeFi Development Corp, each of which holds roughly $400 million in SOL.
The company’s validators manage more than 3 million staked SOL, worth around $741 million, making it a major player in securing and supporting the Solana blockchain.
Its most recent investor presentation shows annualized revenue growth jumping from around $3.5 million in late 2024 to $8.7 million in Q2 2025, reflecting growing demand for its services.
Positioned for Growth as Solana Evolves
The listing comes at a time when Solana is preparing to launch a major upgrade known as Alpenglow, aimed at boosting network speed and efficiency. This aligns closely with SOL Strategies’ focus on expanding its validator partnerships and staking operations, which are central to the performance and scalability of the Solana network.
Executives believe Nasdaq capital will enable them to further develop these services and capture rising institutional interest in Solana-based infrastructure. The firm sees the growing demand for staking as a long-term growth area, especially as Solana’s ecosystem matures.
The listing is still subject to final regulatory approval, including the effectiveness of the firm’s Form 40-F registration with the U.S. Securities and Exchange Commission.
CoinLaw’s Takeaway
I think this move is a big win for both SOL Strategies and the broader Solana ecosystem. In my experience, a Nasdaq listing does more than just add credibility. It opens doors that simply aren’t available on smaller exchanges. From institutional capital to strategic partnerships, this move positions SOL Strategies to scale far beyond its current footprint. And with Solana continuing to innovate, especially with the upcoming Alpenglow upgrade, there’s real momentum here. I found it especially impressive that the company already has $89 million in SOL and controls such a significant share of staked assets. This is the kind of infrastructure play that could become a cornerstone in the next phase of crypto adoption.
