Solana Treasury Company SOL Strategies to Begin Trading on Nasdaq

Public traded Solana Treasury and Infrastructure Company Sol Strategies received approval to state its ordinary shares at the American Nasdaq fair, the company announced on Friday.

The Canadian company expects to act on the Nasdaq on 9 September with the Ticker Stke. It will continue to act on the Canadian Securities Exchange as HODL, but no longer act on the OTCQB -Venture market. Octqb shareholders automatically have their shares convert into the Nasdaq list.

“For SOL strategies, the list of deeper capital markets, larger institutional visibility and new partnership options that are simply not accessible to other trade shows, said Sol Strategies President and CEO Leah Wald told Decrypt. “For shareholders, improved liquidity, broader investors participation and the credibility associated with being in the job of Nasdaq. We are expanding the access and creating a stronger platform for shareholders with a real value in the long term.”

The official Nasdaq list remains subject to list and legal requirements and the effective registration of ordinary shares by the company with the SEC.

Upon mentioning, the company expects it to accelerate the growth of its Solana Validator activities while building up institutional interest.

Sol strategies has gathered from 31 August 435,064 Sol, worth around $ 89 million at the time of writing. Moreover, the validators have collected more than 3 million Sol, worth around $ 741 million.

The $ 89 million in its Solana Treasury places it Third under listed Sol TreasuriesAccording to data collected by Coetecko. It only follows Upexi and Defi Development Corp, each of which has about $ 400 million in Solana.

HODL shares at the Canadian stock exchange traded nearly 20% in the day to $ 10.21 CAD, or around $ 7.37.

The company reported one Quarter on an annual basis of sales growth to around $ 8.7 million USD In the second quarter, an increase of approximately $ 3.5 million in the last quarter of 2024, according to one Recent investment presentation.

“Earning this list places SOL strategies on the same worldwide stage as some of the most innovative public companies,” said Wald Decrypt. “For us it is about proving the market that we are here to participate in the fight and to fight for a top chair on the public markets.”

Note of the editors: This story was updated after publication to add quotes from Wald.