SOL Strategies Begins Trading on Nasdaq Under Ticker STKE
SOL Strategies, formerly known as Cypherpunk Holdings, has officially begun trading on the Nasdaq Global Select Market under the ticker symbol STKE. Trading commenced on September 9, 2025, following final approval from Nasdaq, marking a significant milestone for the Solana-focused investment and infrastructure company. The uplisting represents a major step forward in the firm’s effort to expand its visibility in global capital markets and establish itself as a key player in institutional crypto adoption.
The company confirmed that its shares will continue to trade on the Canadian Securities platform under the ticker HODL, preserving its ties to Canadian investors. However, its uplisting to Nasdaq means shares will no longer be traded on the OTCQB market in the United States. To celebrate the milestone, SOL Strategies held an on-chain bell-ringing ceremony, symbolizing the company’s roots in blockchain culture while marking its transition to a premier international platform.
Building on Solana ecosystem
SOL Strategies has carved out a niche as one of the few publicly traded firms dedicated almost exclusively to the Solana blockchain. The Toronto-based company positions itself as both a treasury and infrastructure provider, focusing its resources on supporting Solana’s growth and adoption. As of the end of August, SOL Strategies reported holdings of approximately 435,064 SOL tokens, making it one of the largest publicly listed holders of Solana assets worldwide.
Executives at the company highlighted the Nasdaq uplisting as not only a financial milestone but also a strategic move to attract a broader institutional investor base. “This uplisting to Nasdaq represents a pivotal moment in our growth trajectory,” the company noted, emphasizing that its new status should assist it expand its shareholder reach while strengthening its credibility among global investors.
Expanding reach to U.S. investors
The move to Nasdaq gives SOL Strategies direct access to one of the deepest pools of capital in the world, offering enhanced liquidity and visibility. Industry observers point out that the listing could also assist bridge the gap for investors who have been viewking regulated, publicly traded avenues to gain exposure to blockchain infrastructure without directly purchasing digital assets.
By focusing on the Solana ecosystem, the company is targeting a blockchain that has steadily grown in prominence for its speed, scalability, and developer activity. With its significant SOL holdings and ongoing infrastructure initiatives, SOL Strategies is positioning itself as both a long-term investor and an active participant in building out the network.
Analysts suggest that joining the ranks of crypto-oriented firms listed on major U.S. platforms not only validates SOL Strategies’ business model but could also pave the way for other blockchain-focused companies to viewk similar uplistings. The firm’s dual listing—maintaining a presence on the Canadian Securities platform while gaining entry into Nasdaq—underscores its strategy of maintaining strong domestic ties while leveraging U.S. markets for growth.
For SOL Strategies, the uplisting marks the culmination of years of positioning within the digital asset sector and signals a new phase in its corporate journey. As institutional investors increasingly look for regulated entry points into the blockchain economy, the company’s Nasdaq debut places it at the forefront of publicly traded firms bridging traditional finance and decentralized technology.
