tl;dr
SOL Strategies, a Canadian firm managing Solana’s treasury and infrastructure, has begun trading on the Nasdaq under the ticker STKE, marking a significant milestone for the company and the Solana ecosystem. The firm will continue listing on the Canadian Securities Exchange as HODL. The listing op...
**SOL Strategies Makes Nasdaq Debut: A New Chapter for Solana’s Infrastructure Leader**
SOL Strategies, a Canadian firm managing Solana’s treasury and infrastructure, has officially secured a spot on the Nasdaq, marking a pivotal moment for the company and the broader Solana ecosystem. The firm announced Friday that its common shares will begin trading on the Nasdaq under the ticker **STKE** on **September 9**, while continuing to list on the Canadian Securities Exchange as **HODL**. The move ends its tenure on the OTCQB Venture Market, with existing shareholders automatically transitioning to the Nasdaq listing.
For Leah Wald, SOL Strategies’ CEO and President, the Nasdaq listing is more than a milestone—it’s a gateway to expanded opportunities. “This opens up deeper capital markets, greater institutional visibility, and new partnership opportunities that simply aren’t accessible on other exchanges,” she said. “For shareholders, it brings enhanced liquidity, broader investor participation, and the credibility that comes with being in Nasdaq’s orbit.”
The listing, however, isn’t without its hurdles. It remains subject to Nasdaq’s listing requirements and the SEC’s approval of the firm’s common share registration. Once cleared, SOL Strategies plans to accelerate growth in its Solana validator operations, targeting increased institutional interest.
**A Treasury of Value**
As of August 31, SOL Strategies held **435,064 SOL** in its treasury, valued at approximately **$89 million** at the time of writing. Its validators also managed over **3 million staked SOL**, worth around **$741 million**. This places SOL Strategies third among publicly traded Solana treasuries, trailing only **Upexi** and **DeFi Development Corp**, each of which holds roughly **$400 million** in Solana, according to CoinGecko data.
Financial momentum has been building, too. The company reported **$8.7 million in quarterly annualized revenue** for Q2, a sharp rise from **$3.5 million** in the final quarter of 2024. Wald framed the Nasdaq listing as a statement of intent: “Earning this listing places SOL Strategies on the same global stage as some of the most innovative public companies. For us, it’s about proving to the market that we’re here to join the fray and fight for a top seat in the public markets.”
**What’s Next?**
With Nasdaq’s credibility and resources, SOL Strategies now has a platform to scale its validator operations, attract institutional investors, and solidify its role as a key player in the Solana ecosystem. The question isn’t just whether the listing will deliver on its promises—it’s how quickly the company can translate its Solana holdings and growing revenue into sustained value for shareholders.
For now, the Nasdaq debut is a clear signal: SOL Strategies is no longer just a niche player in crypto infrastructure. It’s a public market contender, and the Solana world is watching closely.