SOL Strategies Gets Nasdaq Approval, Big Investors Plan Billion-Dollar Solana Fund

SOL Strategies Joins Nasdaq, Strengthens Focus on Solana

SOL Strategies, a company focused on Solana (SOL) treasuries, has received approval to list its shares on the Nasdaq. Trading will begin on September 9 under the ticker STKE.

The company’s shares will no longer trade on the OTCQB Venture Market. Current shareholders don’t need to take any action, as their holdings will automatically transfer to Nasdaq. SOL Strategies will also keep its listing on the Canadian Securities Exchange under the ticker HODL.

CEO Leah Wald said joining Nasdaq puts the company alongside leading tech firms, attracts more institutional investors, and improves share liquidity. It also gives the firm better access to global capital markets.

In July 2024, SOL Strategies shifted from being a general crypto investment company to one dedicated to Solana. This change aligned with Wald’s appointment as CEO, which sped up the company’s accumulation of SOL tokens and investments in the Solana ecosystem.

Growing Institutional Interest in Solana

The Nasdaq approval comes as institutional demand for Solana exposure is rising. Major players like Galaxy Digital, Multicoin Capital, and Jump Crypto are reportedly working to raise about $1 billion to create the largest Solana treasury through a public company.

Other firms are also active in Solana treasuries. Upexi holds over $100 million in assets, while DeFi Development Corp owns around 846,000 SOL and plans to grow further through staking rewards.

With its Nasdaq listing, SOL Strategies expects to boost validator growth through institutional partnerships, scale operations as Solana staking demand rises, and secure its position as a leading institutional gateway to the Solana ecosystem.