Canada’s HODL to Begin Trading on Nasdaq

SOL Strategies (HODL), a Toronto-listed digital asset agency centered on the Solana blockchain, has secured approval to checklist its frequent shares on the Nasdaq Global Select Market.

Trading will start Sept. 9 below the ticker STKE, the corporate mentioned Friday.

Shares will proceed to commerce on the Canadian Securities Exchange (CSE) below HODL, however will likely be delisted from the U.S. over-the-counter (OTC) market, the place they beforehand traded as CYFRF. Holders of OTC shares don’t want to take motion, as their shares will mechanically convert to the Nasdaq itemizing.

HODL inventory is greater by 8% in Toronto motion.

The transfer marks a major milestone for the Canadian agency, previously often called Cypherpunk Holdings, which has rebranded round its Solana technique.

SOL Strategies began shopping for solana SOL$198.37 within the second quarter of final yr following a strategic pivot. As of Aug. 31 the corporate held 435,064 SOL tokens, price round CAD$122 million.

The firm mentioned that becoming a member of Nasdaq will improve its visibility with institutional traders, enhance liquidity, and broaden entry to capital markets.

“This listing provides our shareholders with enhanced liquidity while giving us access to deeper capital markets as we continue scaling our validator operations and expanding our ecosystem investments,” mentioned CEO Leah Wald. It’s additionally “validation for the entire Solana ecosystem.”

SOL Strategies is positioning itself as a leading institutional gateway into Solana staking and infrastructure.

The firm said it expects the Nasdaq listing to accelerate validator growth, support operational scalability as Solana staking demand rises, and strengthen its role in bringing institutional capital into the network.

Read more: SOL Strategies Files to List on Nasdaq