SOL Strategies Lists on Nasdaq as STKE, Boosting Solana
Canadian firm SOL Strategies will list its common shares on the Nasdaq Global Select Market under the ticker STKE on September 9. The move transitions trading from the OTCQB and complements its Toronto Stock Exchange “HODL” listing. CEO Leah Wald says the Nasdaq listing will enhance liquidity and attract institutional capital to fund validator operations and ecosystem investments on Solana. In April, SOL Strategies raised $500 million via convertible bonds to acquire SOL tokens. Following the announcement, its HODL shares jumped nearly 20%. Meanwhile, Solana governance approved the Alpenglow upgrade to cut transaction finality to Web2 speeds. Additionally, Fonte Capital’s SETF, the first spot SOL ETF with staking yield, launched on Kazakhstan’s Astana International Exchange under BitGo custody.
Bullish
The announcement of SOL Strategies’ Nasdaq listing under the STKE ticker, combined with its $500 million SOL acquisition via convertible bonds and the launch of a regulated spot SOL ETF with staking yield, significantly increases institutional access and liquidity for SOL. The Alpenglow upgrade further strengthens network performance by reducing transaction finality times. These developments are likely to drive demand for SOL among traders and long-term investors, supporting both short-term price spikes and sustained growth in ecosystem adoption.