Solana’s Canada-based ‘Strategy’ firm files with U.S. SEC to trade on Nasdaq

Discover insights within the AI & Blockchain area. This article dives into: “Solana’s Canada-based ‘Strategy’ firm files with U.S. SEC to trade on Nasdaq”.

Canadian Solana Treasury firm, SOL Strategies, has submitted an software to the U.S. SEC in hopes of gaining permission to trade on the Nasdaq alternate underneath the ticker STKE.

According to the just lately filed official doc, SOL (SOL) Strategies intends to trade Common Shares with out par worth underneath the the buying and selling image “STKE” on the Nasdaq Capital Market. Initially, the corporate’s widespread inventory was buying and selling underneath the “HODL” image on the Canadian Securities Exchange and underneath “CYFRF” on the OTCQB.

On June 19, the Ontario-based filed a Form 40-F software with the U.S. monetary watchdog. A Form 40-F submitting with the U.S. SEC is a crucial requirement for firms looking for to register securities for buying and selling within the U.S. market.

The kind remains to be awaiting approval from the SEC. This is the primary time the Solana Treasury firm plans to enter the U.S. market, which may doubtlessly grant them extra publicity into America’s more and more pro-crypto motion.

After information of the submitting broke, SOL Strategies’ inventory noticed a rise in worth by 4.3% as of June 19. According to knowledge from Google Finance, HODL inventory rose 10 factors to 2.38 from 2.28.

Price chart for Solana prior to now few days of buying and selling, June 19, 2025 | Source: crypto.information

In distinction, the information of SOL Strategies’ SEC submitting barely affected the worth of Solana. Shortly after the information went viral, SOL jumped barely by 0.3% prior to now hour.

At press time, SOL has gone down 1.62%, persevering with its descent from just a few days prior. SOL is at the moment buying and selling at $146.38. The token has declined almost 9% prior to now week and 13.6% prior to now month. Its market cap stands at $77.2 billion.

How a lot Solana are in SOL Strategies’ holdings?

On May 29, SOL Strategies reported that it had bought 26,478 SOL for $4.7 million. This latest buy brings its whole holdings to roughly 420,355 SOL, consisting of 269,258 SOL owned and 268,671 tokens actively staked to the corporate’s validators.

Back in April, SOL Strategies introduced that it had secured funds of up to $500 million through a convertible observe settlement with ATW Partners. The firm plans to use the capital to accumulate extra SOL tokens and assist validator operations.

Formerly working underneath the title Cypherpunk Holdings Inc., SOL Strategies initially shifted from a Bitcoin (BTC)-focused treasury and commenced accumulating Solana in late October 2024. Just a month prior, the corporate rebranded and adjusted its title to SOL Strategies.

However, the official announcement that they had been discarding its Bitcoin treasury technique in favor of Solana of their This autumn Shareholder Letter filed January 29, 2025.

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