Well, it’s happening. SOL Strategies, a Canadian-based company whose sole focus is accumulating Solana coins (you know, those cryptos that make you sound cool at parties), has officially been given the green light to debut in the U.S. market. Yes, you read that right: they’re not just crossing the border to sell maple syrup – they’re entering the Nasdaq Global Select Market (NASDAQ) on September 9. A true testament to how far one can go by stacking up digital currency like it’s the hottest new thing in town.
SOL Strategies Officially Makes Its Mark in the U.S.
According to a slightly-too-excited-for-our-taste announcement, SOL Strategies will begin trading under the ticker STKE on NASDAQ. For those who like their stocks to sound vaguely like futuristic tech (which, of course, we all do), this is a win. But don’t worry, their stock won’t entirely abandon its humble Canadian roots. It will also continue trading on the Canadian Securities Exchange (CSE) under the ticker HODL. Yes, as in “hold on for dear life.” The irony is almost too much.
Now, for all you stock-watchers out there, here’s the juicy bit: once the NASDAQ listing is finalized, SOL Strategies will stop trading on the OTCQB venture market under the ticker CYFRF. Because, you know, being on Nasdaq is apparently a “bigger deal.” Who knew?
“This listing is not just a little pat on the back for us,” said Leah Wald, CEO of SOL Strategies, as if we weren’t already impressed. “It’s validation for the entire Solana ecosystem.” A little humble brag never hurt anyone, right? Let’s just hope their liquidity management skills live up to the hype.
So, How Many Solana are We Talking About?
In case you’ve been living under a rock (or just trying to pretend that crypto doesn’t exist), let’s break it down. According to some mind-boggling data from Strategicsolanareserve, 13 entities have stockpiled a massive 8.88 million SOL coins. For those keeping score at home, that’s a lot of virtual coins. And by “a lot,” we mean *A LOT*.
Of course, not all of those coins are just sitting around collecting dust. A respectable 585k SOL coins have been staked, earning an average yield of 6.86%. Sharps Technology, DeFi Development Corp., and Upexi lead the pack, holding more than 2 million SOL each. Meanwhile, SOL Strategies itself is sitting on 402.9k SOL coins, which, by the way, is valued at a modest $82.5 billion. But hey, who’s counting?
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2025-09-05 23:22