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SOL Strategies Receives Approval to Uplist Shares to Nasdaq

SOL Strategies announced its Nasdaq uplisting under ticker STKE, with trading starting September 9, 2025, as it expands Solana validator operations and strengthens institutional positioning.

SOL

Summary

SOL Strategies confirmed approval to list its common shares on the Nasdaq Exchange under ticker STKE, beginning September 9, 2025. The company will maintain its Canadian Securities Exchange listing under HODL but will exit the OTCQB, with shares automatically converted to Nasdaq. CEO Leah Wald stated the move aligns SOL Strategies with global technology leaders and positions it to attract institutional investors. The firm expects the listing to accelerate growth of its Solana validator operations. As of August 31, the firm held 435,064 SOL valued at approximately $89 million, and its validators secured over 3 million staked SOL worth around $741 million. SOL Strategies reported Q2 annualized revenue growth of $8.7 million, up from $3.5 million in Q4 2024. HODL shares rose nearly 20% to $10.21 CAD ($7.37 USD) following the announcement.

Terms & Concepts
  • Uplisting: The process by which a company moves its shares from a lower-tier exchange, such as the OTC market, to a major exchange like Nasdaq or NYSE.
  • Nasdaq: A major U.S.-based stock exchange known for listing technology and growth-oriented companies with strict financial and governance requirements.
  • Solana Validator: A node in the Solana blockchain network that validates transactions and contributes to network security and performance, often earning rewards through staking.