SOL Strategies Boldly Eyes Nasdaq Listing: A Crypto Game-Changer?

Hang onto your hats, crypto fans! SOL Strategies, the Canadian Solana Treasury wizards, just threw their hat into the ring with the U.S. SEC, aiming to shake things up on the Nasdaq under the ticker STKE. Yeah, you heard that right—they're going big!

Straight from the official docs, SOL Strategies is gunning to trade their no-par-value Common Shares under the snazzy symbol "STKE" on the Nasdaq Capital Market. These guys used to roll with the "HODL" tag on the Canadian Securities Exchange and "CYFRF" on the OTCQB. But now? They're aiming higher.

On June 19, this Ontario crew dropped a Form 40-F on the SEC's desk. That's the golden ticket you need to get your securities rolling in the U.S. market. And guess what? They're still waiting for the green light.

This could be SOL Strategies' big break into the U.S., tapping into that wild, pro-crypto vibe sweeping the nation. It's their first shot at the American dream, folks!

As soon as the filing news hit the streets, SOL Strategies' stock shot up 4.3% by June 19. The HODL stock jumped 10 points, from 2.28 to 2.38, according to Google Finance. Talk about an instant buzz!

But here's the twist—SOL itself barely budged, inching up just 0.3% in the last hour after the news went viral. It's like the market's playing hard to get.

Right now, SOL's down 1.62%, sliding further from a few days back. Trading at $146.38, it's taken a nosedive of nearly 9% in the last week and 13.6% over the past month. Its market cap's chilling at $77.2 billion.

How Much Solana Does SOL Strategies Have in Their Vault?

Hold onto your seat—back on May 29, SOL Strategies scooped up 26,478 SOL for a cool $4.7 million. That beefs up their stash to about 420,355 SOL. They've got 269,258 SOL in their pocket and another 268,671 actively staked to their validators. That's some serious skin in the game!

Remember April? SOL Strategies locked down up to $500 million through a convertible note deal with ATW Partners. They're planning to use that cash to snag more SOL and keep those validator operations humming.

Originally known as Cypherpunk Holdings Inc., these folks switched from a Bitcoin-only strategy and started hoarding Solana back in late October 2024. Just a month before that, they rebranded to SOL Strategies. And then, boom—they officially ditched Bitcoin for Solana in their Q4 Shareholder Letter on January 29, 2025.

Get ready, folks. SOL Strategies is on the move, and the crypto world's watching!