09.09.2025 17:51

Here's a rewritten version of the news article, incorporating varied sentence structures and a more descriptive tone, while focusing on the core information.

SOL Strategies Inc., a blockchain investment firm based in Toronto, has officially commenced trading on the Nasdaq Stock Exchange under the ticker symbol STKE. This transition marks a significant milestone for the company, previously known as Cypherpunk Holdings, making it a rare Solana-centric treasury entity to be listed on a major U.S. exchange, according to internet sources.

While its shares will maintain trading activity on the Canadian Securities Exchange under the ticker HODL, shares formerly traded on the OTCQB Venture market under CYFRF will be automatically converted to the Nasdaq listing. Initial trading saw STKE open at approximately $12.85, but as of now, Google Finance indicates the stock is currently trading around $8.18.

Distinguishing itself as one of the largest holders of Solana (SOL) tokens in North America, SOL Strategies presently possesses approximately 393,000 SOL, valued at an estimated $83 million, according to internet sources. The price of SOL is currently around $214, reflecting a 4% increase over the previous week, as indicated by The Defiant's pricing data.

Leah Wald, the CEO of SOL Strategies, conveyed that this Nasdaq listing not only elevates the company's profile amongst leading technology enterprises but also unlocks new avenues for institutional investment in Solana. In an official statement, Wald emphasized that aligning with Nasdaq positions them to attract investors who acknowledge Solana's transformative infrastructure, thus enhancing liquidity for shareholders and granting access to deeper capital markets for the continued expansion of validator operations and ecosystem investments. The announcement highlighted that the listing anticipates further development of SOL Strategies' validator network and increased Solana staking capacity, building on the fact that, currently, around 67% of SOL is staked, according to Coinbase data.

This strategic move places SOL Strategies within an increasingly competitive landscape of firms dedicated to building Solana treasuries. Upexi, Inc. (NASDAQ: UPXI) currently holds the leading position in this burgeoning sector, according to internet sources.