SOL Strategies commenced trading on Nasdaq Global Select Market under the ticker STKE with $94 million in Solana treasury holdings, becoming the first Solana-focused public company to achieve a U.S. listing while maintaining dual listings on CSE under symbol HODL following a one-for-eight share consolidation and managing 3.62 million SOL under delegation including ARK Invest's 3.6 million SOL placement.
SOL Strategies has secured approval to list on Nasdaq, with Sept. 9 trading under STKE subject to its Form 40-F. Shares have remained on the CSE as HODL, and OTCQB holdings have converted. The Solana-focused firm has reported rising delegation and plans to scale validator operations.
SOL Strategies has disclosed CAD $1B+ in delegated SOL with 7,000+ staking wallets and has pursued a Nasdaq uplisting. The company has reported SOC-certified validators, 100% uptime on Laine, yields up to 7.7%, and July validator revenue growth of 15.4% with ~90% gross margins.
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