SOL Strategies enters Nasdaq and takes Solana to another dimension

The Canadian company SOL Strategies reaches a historic milestone by obtaining its entry ticket to the prestigious Nasdaq. This listing, scheduled for September 9 under the symbol STKE, marks a major turning point for the Solana ecosystem, increasingly sought after by institutional investors.

A privileged access to American institutional capital

SOL Strategies has obtained the green light to list its shares on Nasdaq. Already present on the Toronto Stock Exchange under the symbol HODL, the Canadian company will end its listing on the OTCQB Venture Market.

This migration to the prestigious American stock exchange is part of a broader trend of crypto companies choosing Nasdaq to attract institutional capital. 

The latest example is American Bitcoin (ABTC), a company linked to the Trump family specializing in bitcoin mining and treasury management.

” For SOL Strategies, this listing opens deeper financial markets, greater institutional visibility and new partnership opportunities “, explained Leah Wald, CEO of the company to Decrypt.

She also highlights “the credibility inherent in the Nasdaq orbit,” a decisive asset to attract new capital. The market quickly reacted: the stock jumped nearly 20% on Friday, reaching 10.21 Canadian dollars.

As of August 31, SOL Strategies held 435,064 SOL, valued at approximately 89 million dollars, placing it third worldwide among listed companies exposed to Solana.  Upexi and DeFi Development Corp hold the top two positions, with nearly 400 million dollars each.

However, the company does not limit itself to asset holdings. Its validators manage more than 3 million staked SOL, or about 741 million dollars.

These infrastructures generate substantial recurring revenues and explain a quarterly revenue growth from 3.5 to 8.7 million dollars in one year. A trajectory that illustrates the rise of a hybrid model, combining strategic investment and operational yield.

Solana rides the institutional wave

This Nasdaq listing comes at a pivotal moment for the Solana ecosystem. The blockchain is attracting renewed institutional interest driven by several catalysts. 

The most notable is the recent major network upgrade, named Alpenglow. This upgrade, validated by more than 98% of validators, recently reduced block finality time to 100–150 milliseconds, placing Solana among the fastest infrastructures in the world.

Meanwhile, prediction markets estimate between 90% and 99% chances of approval of a Solana ETF by October. Fidelity, VanEck, Grayscale and Franklin Templeton are already competing to launch the first product. A green light could, according to several analysts, propel SOL to the 250–300 dollar range, marking a new stage in its valuation.

Another strong signal: Galaxy Digital recently tokenized regulated shares directly on the Solana blockchain. This convergence between traditional finance and DeFi illustrates the strategic potential of the ecosystem and supports SOL Strategies’ strategy, which plans “to accelerate its validation operations” once the listing is effective.

The timing seems particularly favorable. More and more public companies are accumulating SOL to generate income via staking, turning the blockchain into a tool for institutional yield. In this context, SOL Strategies could quickly become a preferred proxy for investors looking to gain exposure to Solana’s growth without directly managing the technical infrastructure.