Sol Strategies Seeks Nasdaq Listing to Expand Solana Investment Exposure for U.S. Investors

Sol Strategies, a Canadian firm, has filed with the U.S. SEC to list on the Nasdaq under the ticker ’STKE’, building on its existing Canadian Securities Exchange listing as ’HODL’. The company is rebranding around a Solana-centric investment strategy, holding over 420,000 SOL tokens (worth approximately $61.3 million). Recent activity includes issuing $500 million in convertible notes to expand SOL holdings and filing to raise up to $1 billion for future investments in the Solana ecosystem. After announcing the Nasdaq application, Sol Strategies’ stock rose 4.4%, though it remains 17% lower year-to-date and 61% below its all-time high. This move is intended to enhance liquidity and visibility, attracting more U.S. and institutional investors interested in Solana exposure. Despite growing institutional interest in Solana due to its high transaction speed and low costs, SOL’s price saw little immediate impact. However, analysts suggest that such listings may pave the way for increased institutional engagement with Solana-related assets, potentially benefiting both Solana’s network and entities with significant SOL reserves.