Solana News Today: Institutional Access to Solana Gets a Regulated On-Ramp

SOL Strategies Inc., a Canadian company focused on the Solana blockchain ecosystem, has secured approval to list its common shares on the Nasdaq Global Select Market. The company's shares will begin trading under the ticker symbol “STKE” on September 9, 2025. This milestone marks a significant step forward for the company, which will continue to trade on the Canadian Securities Exchange (CSE) under the symbol “HODL” but will no longer be listed on the OTCQB market under the symbol “CYFRF.” OTCQB shareholders will automatically convert to the Nasdaq listing without any action required. The company’s shares will also be subject to the satisfaction of all applicable listing and regulatory requirements, including the declaration of effectiveness of its Form 40-F Registration Statement by the U.S. Securities and Exchange Commission (SEC).

The Nasdaq listing is expected to enhance the company's visibility among institutional investors and provide increased liquidity for its shareholders. According to Leah Wald, CEO of SOL Strategies, the listing aligns the company with the world’s most innovative technology firms and positions it to attract institutional investors who recognize the transformative potential of Solana’s infrastructure. Wald emphasized that the Nasdaq listing provides enhanced liquidity for shareholders and opens access to deeper capital markets, which the company will use to scale its validator operations and expand its ecosystem investments.

SOL Strategies has demonstrated robust growth in recent months, particularly in its validator operations. As of August 31, 2025, the company had surpassed CAD $1 billion in assets under delegation, with 3,621,186 SOL tokens delegated to its validators. The company also reported an all-time high of 8,812 unique wallets staking to its validators, reflecting strong engagement from both retail and institutional delegators. These figures underscore the company’s growing influence within the Solana ecosystem and its ability to attract capital.

The company’s operational performance has also been notable. SOL Strategies maintains a perfect uptime record for its Laine validator for over 18 months and has delivered a peak annual percentage yield (APY) of 7.38%, surpassing the network average of 7.11%. The company’s treasury and validator operations include holdings of 402,623 SOL and 26,440 JitoSOL, valued at CAD $120.8 million. These figures represent a significant increase in the company’s holdings since its strategic pivot to Solana in early 2024.

SOL Strategies is also expanding its partnerships and technical contributions to the Solana ecosystem. The company has partnered with Solana Mobile on the Seeker device launch, which attracted over 3,233 unique wallets within 30 days of its launch. The company is also involved in advancing open-source validator failover technology and supporting upcoming network improvements, including the Alpenglow consensus algorithm and the Block Auction Marketplace (BAM). These initiatives position SOL Strategies as a key player in the development and expansion of the Solana network.

The Nasdaq listing is expected to further accelerate the company’s growth and solidify its position as a leading institutional gateway to the Solana ecosystem. By providing a regulated and transparent market for institutional capital to access Solana infrastructure, SOL Strategies aims to drive increased demand for its validator services and expand its influence within the blockchain industry. The company’s strategic alignment with Nasdaq underscores its commitment to transparency, regulatory compliance, and institutional-grade execution, which are critical for attracting a broader range of investors.

Source: [1] Nasdaq Approves SOL Strategies Global Select Market ... (https://solstrategies.io/nasdaq-approves-sol-strategies-global-select-market-listing/) [2] SOL Strategies August Monthly Business Update (https://solstrategies.io/sol-strategies-august-monthly-business-update/) [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] NASDAQ Approves SOL Strategies Global Select Market ... (https://www.theglobeandmail.com/investing/markets/markets-news/Newsfile/34632789/nasdaq-approves-sol-strategies-global-select-market-listing/)