Solana treasury and infrastructure company SOL Strategies approved for listing on Nasdaq, to trade under ticker STKE starting September 9. Shares will no longer trade on OTCQB Venture Market, with NASDAQ conversion for existing shareholders. CEO Leah Wald highlights benefits of deeper capital markets and institutional visibility.

Nasdaq listing contingent on meeting regulatory requirements and registering common shares with SEC. SOL Strategies anticipates growth in Solana validator operations post-listing, attracting institutional interest. As of August 31, the company holds 435,064 SOL valued at $89 million, with validators staking over 3 million SOL worth $741 million.

SOL Strategies ranks third among publicly traded SOL treasuries, behind Upexi and DeFi Development Corp. Stock of HODL on Canadian Stock Exchange rose nearly 20% to $10.21 CAD ($7.37) on news. Q2 revenue grew to $8.7 million USD from $3.5 million in Q4 2024, per recent investor presentation.

CEO Leah Wald emphasizes listing puts SOL Strategies on global stage with innovative public companies. Listings provide access to deeper capital markets and institutional visibility. Wald aims to establish company as top player in public markets. Story updated post-publication to include Wald quotes.

Read more at Yahoo Finance: Solana Treasury Company SOL Strategies to Begin Trading on Nasdaq