SOL Strategies Takes Wall Street: First SOL-Focused Firm Wins Nasdaq Listing Approval

SOL Strategies Inc., a Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain, has secured approval to list its common shares on the Nasdaq Global Select ￰3￱ company confirmed the news this week, marking it as the first Solana-focused public firm to achieve a U. S. listing. 1/ Major Milestone Alert! SOL Strategies approved for @NasdaqExchange Global Select Market listing under the ticker “STKE” and trading will commence on Tuesday, September 9, 2025!

As CEO Leah Wald noted: "This represents more than just an achievement for SOL Strategies, it's… ￰4￱ — SOL Strategies (@solstrategies_) September 5, 2025 Trading is scheduled to begin on September 9, 2025, under the ticker symbol ￰5￱ then, the company’s shares will continue to trade on the Canadian Securities Exchange under the symbol ￰6￱ Nasdaq trading begins, its stock will no longer appear on the OTCQB Venture Market, where it currently trades under the symbol ￰7￱ on the OTCQB do not need to take action, as their holdings will automatically convert to the Nasdaq ￰8￱ Strategies to Begin Nasdaq Trading Under ‘STKE’ on September 9 The listing, still subject to the company’s Form 40-F registration statement becoming effective with the ￰9￱ and Exchange Commission, represents a milestone in bringing Solana-focused infrastructure to regulated American capital ￰10￱ Executive Officer Leah Wald described the approval as validation not just for the company but for Solana’s broader ecosystem.

“Joining Nasdaq aligns us with the world’s most innovative technology companies and positions us to attract the institutional investors who recognize the transformative potential of Solana’s infrastructure,” Wald ￰11￱ the NASDAQ is a pivotal step in our journey as a leading Solana technology ￰12￱ Leah Wald, CEO stated, “Joining Nasdaq aligns us with the world's most innovative technology companies and positions us to attract the institutional investors who recognize the… ￰13￱ — SOL Strategies (@solstrategies_) September 5, 2025 She added that the listing would give shareholders greater liquidity and provide the company with access to deeper capital markets as it scales validator operations and expands ￰14￱ approval follows a series of moves by SOL Strategies to align with Nasdaq ￰15￱ July, the company consolidated its shares on a one-for-eight basis , reducing its total outstanding shares from more than 176 million to about 22 ￰16￱ consolidation was designed to meet Nasdaq’s minimum bid price requirements and resulted in proportionate adjustments to the firm’s stock options, warrants, and convertible ￰17￱ Strategies rebranded from Cypherpunk Holdings in September 2024 , shifting its focus entirely to Solana, a blockchain known for high transaction speeds and low ￰18￱ then, the firm has intensified its Solana acquisition strategy, reporting 254,380 SOL staked by mid-2025, roughly half of which came from third-party ￰19￱ June 2025, filings revealed that the company held over 420,000 SOL , positioning it as one of the more prominent institutional holders of Solana’s native ￰20￱ Approval Strengthens SOL Strategies’ Role in Solana’s Institutional Growth The company currently has 22 million common shares outstanding, alongside 12 million warrants and 5.3 million stock ￰21￱ the consolidation, the capital structure remains active, with potential for further expansion as investor demand grows under a ￰22￱ a Canadian-domiciled firm, SOL Strategies qualifies as a “foreign private issuer” under SEC ￰23￱ status exempts it from certain ￰24￱ requirements, such as proxy solicitation rules and Section 16 ￰25￱ company plans to continue operating under Canadian governance standards, which do not require a majority of independent directors or separate nominating and compensation ￰26￱ Nasdaq debut is expected to accelerate validator growth through institutional partnerships, enhance operational scalability as demand for Solana staking rises, and strengthen the company’s position as an institutional gateway to the Solana ￰27￱ Strategies first filed its Nasdaq application in December 2024 , submitting a registration statement with the ￰28￱ Listing Qualifications Department of Nasdaq then began reviewing the application for compliance with exchange standards. @solstrategies_ has applied for a Nasdaq listing to boost access for institutional investors and expand its market reach. #Solana #Nasdaq ￰0￱ — ￰29￱ (@cryptonews) December 5, 2024 The company framed the application as a key step in attracting institutional capital and broadening its reach into ￰30￱ approval now secured, the company is set to open trading on one of the world’s most prominent exchanges, offering ￰31￱ regulated exposure to Solana infrastructure for the first ￰32￱ Strategies Emerges as Key Gateway for Institutional Solana Holdings SOL Strategies reported a milestone in August with over C$1 billion worth of Solana delegated to its validators. @solstrategies_ has surpassed CAD 1 billion in SOL delegated to its validators, reaching 7,068 unique wallets as it moves closer to Nasdaq uplisting. #Solana #Solstrategies ￰1￱ — ￰33￱ (@cryptonews) August 27, 2025 As of Aug. 31, the company managed 3.62 million SOL under delegation, including 402,623 SOL from its own treasury, valued at about C$111.7 million.

A record 8,812 unique wallets are now staking with the firm, showing growing retail and institutional participation in its validator ￰34￱ Leah Wald said the achievement reflects “the increasing scale of our operations and confidence in Solana’s ecosystem.” The company also advanced open-source failover technology and is participating in upcoming Solana upgrades, including SIMD-326 (Alpenglow consensus) and the Block Auction ￰35￱ growth remained ￰36￱ company’s white-label validator service for Solana Mobile’s Seeker device attracted more than 3,200 wallets within a month of launch, despite devices not yet reaching most of the 150,000 pre-order customers.

Meanwhile, Cathie Wood’s ARK Invest moved 3.6 million SOL , worth roughly C$888 million, to SOL Strategies’ infrastructure in July, calling it a validation of the firm’s institutional capabilities. @ARKInvest , led by @CathieDWood , has named @solstrategies_ its new partner for ARK Invest Solana staking, moving its validator operations to the firm's institutional platform. #Solana #CryptoStaking ￰2￱ — ￰37￱ (@cryptonews) July 28, 2025 Elsewhere, major players are committing billions toward Solana ￰38￱ Digital, Jump Crypto, and Multicoin Capital are reportedly raising $1 billion to establish a corporate treasury vehicle , while Sharps Technology announced a $400 million financing to build what it described as the world’s largest Solana ￰39￱ Development ￰40￱ a lso doubled its holdings to more than 2 million SOL following recent ￰41￱ developments position SOL Strategies as one of the leading institutional gateways to Solana, with 8.887 million SOL now held through public entities , representing nearly 1.55% of the token’s circulating supply.