Solana News Today: Solana’s Institutional Gateway Storms Nasdaq in $122M Stake-Driven Takeoff

SOL Strategies Inc., a publicly traded Canadian company focused on the Solana blockchain ecosystem, has been approved to list its common shares on the Nasdaq Global Select Market. The company’s shares will begin trading on Nasdaq under the ticker symbol "STKE" on September 9, 2025. This milestone marks a strategic shift from its previous listings on the OTCQB and Canadian Securities Exchange (CSE) under the tickers CYFRF and HODL, respectively. The transition will enable the company to access a broader investor base and enhance liquidity for its shareholders [2].

The move is part of a broader effort to scale the company’s validator operations and expand its influence within the Solana ecosystem. SOL Strategies has positioned itself as a leading institutional gateway into Solana staking and infrastructure, with a validator-driven model that recently surpassed CAD $1 billion in delegated assets. As of August 31, the company held 435,064 SOL tokens, valued at approximately CAD $122 million, and reported an all-time high of 7,068 unique wallets staking to its validators [3]. The company's treasury, representing roughly 11% of the overall stake, underscores its deep integration with the Solana network [1].

CEO Leah Wald emphasized that the Nasdaq listing will provide "enhanced liquidity while giving us access to deeper capital markets as we continue scaling our validator operations and expanding our ecosystem investments." She noted that the move is not only significant for SOL Strategies but also for the Solana ecosystem at large, signaling validation of its potential to compete with traditional markets. Wald also highlighted the strategic alignment with Nasdaq, which she said positions the company to attract institutional investors who recognize the transformative potential of Solana’s infrastructure [2].

The Nasdaq listing is expected to accelerate validator growth through institutional partnerships, improve operational scalability as staking demand for Solana rises, and strengthen SOL Strategies' role in facilitating institutional capital access to the network [3]. The firm anticipates the listing will open new pathways for institutional investment in Solana infrastructure through regulated and transparent markets. The company has already seen institutional interest, including a recent partnership with ARK Invest's Digital Asset Revolutions Fund, which selected SOL Strategies as a Solana staking provider [4].

The transition to Nasdaq also includes a virtual bell-ringing event to celebrate the listing, inviting the global Solana community to participate. SOL Strategies is not the only Canadian entity to move toward a major U.S. listing in recent months; Galaxy Digital listed on the Nasdaq earlier in 2025, reflecting a broader trend of institutional adoption within the cryptocurrency space [1].

The company's shares have shown recent volatility across different markets. As of the latest data, HODL.CN, the Canadian-listed ticker, was up 3.98%, while the U.S. OTC ticker CYFRF traded around $6.51 [1]. The listing on Nasdaq is expected to provide a more stable and transparent trading environment, further aligning the company with global financial market standards.

Source: [1] SOL Strategies approved to uplist shares from OTC (https://www.theblock.co/post/368702/sol-strategies-to-uplist-from-otc-to-the-nasdaq-exchange) [2] Nasdaq Approves SOL Strategies Global Select Market Listing (https://solstrategies.io/nasdaq-approves-sol-strategies-global-select-market-listing/) [3] SOL Strategies Wins Nasdaq Listing, Shares to Trade ... (https://www.coindesk.com/business/2025/09/05/sol-strategies-wins-nasdaq-listing-shares-to-trade-under-stke) [4] HODL.CN - Sol Strategies Stock Price (https://www.barchart.com/stocks/quotes/HODL.CN)