SOL Strategies will begin trading on Nasdaq as STKE on September 9 (pending SEC registration), moving from the Canadian Securities Exchange (HODL) and exiting the OTCQB; the company says Nasdaq access will help attract institutional capital for its Solana validator and treasury growth.
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Nasdaq listing expected Sept 9 under ticker STKE
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Company holds 435,064 SOL (~$89M) and >3M staked SOL (~$741M) as of Aug 31
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SOL Strategies will remain on the Canadian Securities Exchange as HODL; OTCQB shares convert automatically
Meta description: SOL Strategies Nasdaq listing: SOL Strategies to list on Nasdaq as STKE Sept 9, boosting institutional access and Solana validator growth. Read details and data.
What is the SOL Strategies Nasdaq listing?
SOL Strategies Nasdaq listing is the company’s approved plan to list its common shares on the Nasdaq Exchange under ticker STKE, expected to begin trading on September 9 subject to SEC registration and Nasdaq listing requirements. The move aims to broaden institutional access to its Solana infrastructure assets.
How will the Nasdaq listing affect SOL Strategies’ trading status?
The company will continue trading on the Canadian Securities Exchange as HODL while exiting the OTCQB Venture Market. OTCQB shareholders will have their shares converted automatically to the Nasdaq listing once the SEC effective registration is complete. Management cites increased institutional visibility as the primary benefit.
Why is the Nasdaq listing important for SOL Strategies?
Listing on Nasdaq aligns SOL Strategies with major technology and infrastructure companies and is intended to attract institutional investors who focus on regulated U.S. markets. Management expects greater capital access to scale Solana validator operations and institutional staking services.
What are SOL Strategies’ current Solana holdings and rank?
As of August 31, SOL Strategies reported 435,064 SOL in its treasury, valued at approximately $89 million at the time of reporting. Its validators have more than 3,000,000 staked SOL, roughly valued at $741 million. That treasury places SOL Strategies third among publicly traded Solana treasuries, behind Upexi and DeFi Development Corp (each reported near $400 million).
When will Nasdaq trading begin and what approvals remain?
Management expects trading to begin on September 9 under ticker STKE. The effective registration of common shares with the U.S. Securities and Exchange Commission (SEC) and satisfaction of Nasdaq listing requirements remain outstanding conditions to the listing.
What financial performance did SOL Strategies report recently?
SOL Strategies reported annualized quarterly revenue growth to about $8.7 million USD in Q2, up from roughly $3.5 million in the final quarter of 2024, per the company’s investor presentation. Meanwhile, HODL shares on the Canadian Securities Exchange traded up nearly 20% on the announcement to CAD 10.21 (approx. USD 7.37).
Frequently Asked Questions
Will shareholders on the OTCQB need to take action?
OTCQB shareholders should not need to take action: shares on OTCQB will be automatically converted to the Nasdaq listing once the SEC registration is effective and the Nasdaq listing is finalized.
How does the Nasdaq listing affect institutional investor access?
Listing on Nasdaq typically increases visibility and regulatory comfort for institutional investors, potentially widening the investor base for companies like SOL Strategies that operate blockchain infrastructure and staking services.
Comparative Treasury Summary
| Company | Reported Solana Treasury (approx.) |
|---|---|
| Upexi | ~$400M |
| DeFi Development Corp | ~$400M |
| SOL Strategies | ~$89M |
Key Takeaways
- Nasdaq move: SOL Strategies expects Nasdaq trading as STKE on Sept 9, subject to SEC registration.
- Treasury scale: Company holds 435,064 SOL (~$89M) and >3M staked SOL (~$741M), ranking third among public SOL treasuries.
- Institutional growth: Management says Nasdaq listing will help attract institutional investors and accelerate validator growth.
Conclusion
SOL Strategies’ anticipated Nasdaq listing as STKE marks a strategic step to broaden institutional access to its Solana infrastructure and staking operations. With substantial on-chain holdings and accelerating revenue, the company is positioned to leverage a U.S. listing to support validator expansion and institutional partnerships. Watch for SEC registration updates and the expected September 9 start date.
Author: COINOTAG
Published: 2025-09-05
Updated: 2025-09-05
Sources referenced as plain text: CoinGecko data, company investor presentation, SEC registration filings.
