SOL Strategies Now Trading on Nasdaq as STKE with $94M Solana Treasury Holdings – SOL Breakout Next?

SOL Strategies commenced trading on Nasdaq Global Select Market under the ticker STKE with $94 million in Solana treasury ￰0￱ Canadian firm becomes the first Solana-focused public company to achieve a ￰1￱ and maintains dual listings on CSE under the symbol ￰2￱ Nasdaq debut follows months of preparation, including a one-for-eight share consolidation, reducing outstanding shares from 176 million to 22 million to meet exchange ￰3￱ did it This is validation for the entire Solana Ecosystem! ￰4￱ — SOL Strategies (@solstrategies_) September 9, 2025 Virtual Bell Ceremony Bridges Traditional Finance with Blockchain SOL Strategies hosted an innovative on-chain bell ringing ceremony at stke.

community, allowing participants to memorialize their participation through permanent Solana blockchain transaction ￰5￱ celebration included live X Spaces discussions featuring industry partners and company ￰6￱ company operates as a “ foreign private issuer ” under SEC rules, exempting it from certain ￰7￱ requirements, including proxy solicitation rules and Section 16 ￰8￱ status allows continued operation under Canadian governance standards without requiring a majority of independent ￰9￱ capital structure includes 22 million common shares outstanding, 12 million warrants, and 5.3 million stock options following the ￰10￱ firm rebranded from Cypherpunk Holdings in September 2024, shifting focus entirely to Solana blockchain infrastructure and investment.

Now, SOL Strategies manages 3.62 million SOL under delegation, including 402,623 SOL from its treasury, valued at C$111.7 ￰11￱ participation includes 8,812 unique wallets staking with the firm, and Cathie Wood’s ARK Invest moving 3.6 million SOL worth approximately C$888 million to SOL Strategies infrastructure in ￰12￱ Solana Treasury Arms Race Accelerates SOL Strategies faces increasing competition as institutions race to build massive Solana ￰13￱ Industries announced a $1.65 billion private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital to establish a digital asset treasury strategy centered on ￰14￱ Samani from Multicoin Capital will become Forward Industries Chairman following transaction ￰15￱ Digital contributes institutional infrastructure, including trading, lending, and staking services, while Jump Crypto provides technical expertise through initiatives like the Firedancer validator ￰16￱ Development Corporation holds 1.27 million SOL valued at $248 million after raising $122.5 million in debt financing led by Cantor ￰17￱ firm added nearly 292,000 SOL in recent ￰18￱ remains the largest corporate holder with over 2 million SOL worth approximately $444 million, according to CoinGecko .) September 10, 2025 The Phantom indicator shows bullish readings despite recent consolidation, suggesting underlying momentum remains positive for continued ￰19￱ charts confirm SOL’s position well above the 200-day moving average at $158.43, validating long-term uptrend integrity.

Notably, some analysts have discovered a”slow grind higher” pattern that shows consistent respect for ascending trendline support, indicating institutional accumulation providing floors during ￰20￱ steady advance with minimal volatility often precedes explosive moves as resistance levels are ￰21￱ on technical evidence across multiple timeframes, SOL appears positioned for continued bullish momentum toward the $245 ￰22￱ immediate focus centers on breaking decisively above $218.60 resistance, which would likely trigger momentum-based buying toward measured move objectives with support maintained around the $210 – $212 ascending trendline.