Share this article
SOL Strategies Wins Nasdaq Listing, Shares to Trade Under ‘STKE’
The Toronto-listed digital asset firm is focused on the Solana blockchain and will continue to trade there under the HODL symbol.
Sep 5, 2025, 7:19 p.m.
What to know:
- SOL Strategies will list its common shares on the Nasdaq Global Select Market.
- Trading will begin Sept. 9 under the ticker STKE.
- The company owned 435,064 SOL tokens as of the end of August.
SOL Strategies (HODL), a Toronto-listed digital asset firm focused on the Solana blockchain, has secured approval to list its common shares on the Nasdaq Global Select Market.
Trading will begin Sept. 9 under the ticker STKE, the company said Friday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Shares will continue to trade on the Canadian Securities Exchange (CSE) under HODL, but will be delisted from the U.S. over-the-counter (OTC) market, where they previously traded as CYFRF. Holders of OTC shares do not need to take action, as their shares will automatically convert to the Nasdaq listing.
HODL stock is higher by 8% in Toronto action.
The move marks a significant milestone for the Canadian firm, formerly known as Cypherpunk Holdings, which has rebranded around its Solana strategy.
SOL Strategies started buying solana in the second quarter of last year following a strategic pivot. As of Aug. 31 the company held 435,064 SOL tokens, worth around CAD$122 million.
The company said that joining Nasdaq will increase its visibility with institutional investors, improve liquidity, and broaden access to capital markets.
“This listing provides our shareholders with enhanced liquidity while giving us access to deeper capital markets as we continue scaling our validator operations and expanding our ecosystem investments,” said CEO Leah Wald. It’s also "validation for the entire Solana ecosystem.”
SOL Strategies is positioning itself as a leading institutional gateway into Solana staking and infrastructure.
The firm said it expects the Nasdaq listing to accelerate validator growth, support operational scalability as Solana staking demand rises, and strengthen its role in bringing institutional capital into the network.
Read more: SOL Strategies Files to List on Nasdaq
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Lebih untuk Anda
Pineapple Financial Starts Migrating its $10B Mortgage Portfolio Onchain via Injective
The Canadian fintech has already put data tied to about $412 million in funded mortgages onchain, and aims to migrate more than 29,000 loans over time.
Yang perlu diketahui:
- Pineapple Financial said it launched a mortgage tokenization platform on the Injective blockchain and has started migrating its loan records onchain.
- The company has a longer-term goal of moving its historical portfolio of more than 29,000 funded mortgages, totaling about $10 billion (C$13.7 billion), onto the blockchain.
- Each tokenized mortgage record includes more than 500 data points and will underpin a permissioned data marketplace and a planned product offering onchain mortgage-backed yields, the company said.
Top Stories
