Solana Treasury Company SOL Strategies to Begin Trading on Nasdaq

Publicly traded Solana treasury and infrastructure firm SOL Methods acquired approval to record its widespread shares on the American-based Nasdaq Alternate, the agency introduced on Friday. 

The Canadian agency expects to start buying and selling on the Nasdaq on September 9 with the ticker STKE. It is going to proceed buying and selling on the Canadian Securities Alternate as HODL, however now not commerce on the OTCQB Enterprise Market. OCTQB shareholders will mechanically have their shares transformed to the Nasdaq itemizing. 

“For SOL Methods, the itemizing opens up deeper capital markets, higher institutional visibility, and new partnership alternatives that merely aren’t accessible on different exchanges,” SOL Methods President and CEO Leah Wald advised Decrypt. “For shareholders, it brings enhanced liquidity, broader investor participation, and the credibility that comes with being in Nasdaq’s orbit. We’re increasing entry and making a stronger platform for shareholders with actual long-term worth.”



The official Nasdaq itemizing stays topic to itemizing and regulatory necessities, and the agency’s efficient registration of widespread shares with the SEC. 

Upon itemizing, the agency anticipates that it’ll speed up progress of its Solana validator operations because it builds institutional curiosity. 

As of August 31, SOL Methods has amassed 435,064 SOL, value round $89 million on the time of writing. Moreover, its validators have amassed greater than 3 million staked SOL, value round $741 million. 

The $89 million in its Solana treasury locations it third amongst publicly traded SOL treasuries, based on knowledge gathered by CoinGecko. It trails solely Upexi and DeFi Improvement Corp, every of which holds round $400 million value of Solana. 

Shares of HODL on the Canadian Inventory Alternate traded up almost 20% on the day to $10.21 CAD, or round $7.37. 

The agency reported a quarterly annualized income progress to round $8.7 million USD in Q2, up from round $3.5 million within the remaining quarter of 2024, based on a current investor presentation.

“Incomes this itemizing locations SOL Methods on the identical international stage as a few of the most modern public firms,” Wald advised Decrypt. “For us, it’s about proving to the market that we’re right here to affix the fray and combat for a high seat within the public markets.”

Editor’s observe: This story was up to date after publication so as to add quotes from Wald.