From Cointelegraph

June 19, 2025 02:46:00 AM:

Sol Strategies, a Canadian firm focused on Solana, filed compliance documents with the SEC to be listed on Nasdaq. If approved, it will trade under STKE. Nasdaq has a $30.12 trillion market cap with 3,300+ listings. Sol Strategies stock saw a 4.39% spike after filing, but is down 17% YTD. They reported a $3.5 million net loss in Q2.

Sol Strategies has been accumulating SOL tokens for its treasury reserve strategy, holding over 420,000 SOL worth $61.32 million. They filed a prospectus to raise $1 billion through stock issuance. They issued $500 million in convertible notes for SOL tokens. Analysts say investing in Solana could benefit from the increased use of SOL in finance.

Read more at Cointelegraph: Canada’s Sol Strategies files with SEC to list on the Nasdaq