Solana News Today: SOL Strategies Uplists to Nasdaq: A New Era for Institutional Blockchain Access

SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF) announced on September 5, 2025, that it has received approval to list its common shares on the Nasdaq Global Select Market under the ticker symbol “STKE,” with trading expected to commence on September 9, 2025. The company’s shares will continue to trade on the Canadian Securities Exchange (CSE) under the symbol “HODL” and will no longer be listed on the OTCQB Venture Market under the symbol “CYFRF.” This transition reflects the company’s strategic move to enhance its market profile and provide increased liquidity for shareholders while reinforcing its commitment to advancing infrastructure for the Solana blockchain ecosystem.

SOL Strategies, a publicly traded Canadian firm specializing in Solana blockchain infrastructure, has positioned itself as a key player in the growing institutional adoption of blockchain technology. The company’s treasury, comprising 399,907 SOL tokens, is valued at approximately $84 million, representing roughly 11% of the overall stake. In August 2025, the firm surpassed CAD $1 billion in assets under delegation, a significant milestone demonstrating its growing influence in the staking sector. During the same period, the company also recorded an all-time high of 8,812 unique wallets staking to its validators, indicating strong engagement from both retail and institutional participants.

CEO Leah Wald emphasized that joining Nasdaq 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. “This listing provides our shareholders with enhanced liquidity while giving us access to deeper capital markets as we continue scaling our validator operations and expanding our ecosystem investments,” Wald said. She further noted that the Nasdaq listing represents more than a corporate milestone—it’s validation for the Solana ecosystem as a whole, opening new pathways for institutional capital to access blockchain infrastructure through regulated and transparent markets.

The approval follows a comprehensive listing process that remains subject to satisfaction of all applicable regulatory requirements, including the declaration of effectiveness of the company’s Form 40-F Registration Statement by the U.S. Securities and Exchange Commission (SEC). While the firm anticipates the benefits of increased institutional participation and broader market exposure, it also acknowledges the inherent uncertainties and risks associated with forward-looking statements, as outlined in its cautionary notes.

The listing is expected to accelerate validator growth through institutional partnerships, enhance operational scalability as demand for Solana staking increases, and solidify SOL Strategies’ position as a leading institutional gateway to the Solana ecosystem. The firm’s strategic investments in validator operations and blockchain infrastructure solutions are aligned with the broader adoption of decentralized applications and the expansion of the Solana ecosystem. As the company prepares for the transition to Nasdaq, it also plans to celebrate the milestone with a virtual bell-ringing ceremony, inviting the global Solana community to participate.

SOL Strategies has demonstrated consistent performance in its validator operations, with a peak annual percentage yield (APY) of 7.38% on its “Orangefin” validator compared to the network average of 7.11%. Additionally, its validator “Laine” maintained a 100% uptime record for over 18 months, underscoring the firm’s technical capabilities and operational reliability. These metrics provide investors with a benchmark for evaluating the company’s performance against industry standards.

As the firm transitions to a broader market platform, it is also expanding its validator services to include white-label offerings, such as those integrated with Solana Mobile’s Seeker device. These initiatives reflect the company’s proactive approach to innovation and its ability to adapt to the evolving needs of the Solana ecosystem. The firm’s partnerships with institutional players like ARK Invest and Solana Mobile further reinforce its credibility and growth trajectory.

Source: [1] Nasdaq Approves SOL Strategies Global Select Market Listing (https://solstrategies.io/nasdaq-approves-sol-strategies-global-select-market-listing/) [2] SOL Strategies Approved to Uplist Shares from OTC to Nasdaq (https://www.theblock.co/post/368702/sol-strategies-to-uplist-from-otc-to-the-nasdaq-exchange?utm_medium=rss&utm_source=news.xml) [3] NASDAQ Approves SOL Strategies Global Select Market Listing (https://www.theglobeandmail.com/investing/markets/markets-news/Newsfile/34632789/nasdaq-approves-sol-strategies-global-select-market-listing/) [4] NASDAQ Approves SOL Strategies Global Select Market Listing (https://www.barchart.com/story/news/34632788/nasdaq-approves-sol-strategies-global-select-market-listing) [5] SOL Strategies August Monthly Business Update (https://solstrategies.io/sol-strategies-august-monthly-business-update/)