- Sol Strategies has filed to list on Nasdaq with $63 million in Solana holdings and plans to raise $1 billion for further acquisitions.
- Institutional interest in Solana is growing due to its staking rewards, low fees, and fast blockchain performance.
Solana treasury firm Sol Strategies has officially filed with the U.S. Securities and Exchange Commission (SEC) to list its shares on the Nasdaq under the ticker STKE. This move signals rising institutional trust in Solana (SOL) as a valuable treasury asset.
The company currently trades on the Canadian Securities Exchange under the ticker HODL. Following the Nasdaq filing, its stock price rose 4.2%, closing at $2.38. Sol Strategies holds 420,000 SOL, valued at approximately $63 million, and plans to raise $1 billion for further Solana acquisitions and staking.
Why Institutions Are Turning to Solana
Solana is gaining traction among institutional investors due to several key advantages:
- Native staking, which allows holders to earn yield.
- Low transaction fees, making it cost-efficient.
- High-speed performance, enabling fast settlements.
- A rapidly expanding DeFi ecosystem.
According to Cantor Fitzgerald, these features make Solana a strong alternative to traditional crypto assets like Bitcoin and Ethereum, particularly for corporate treasuries seeking returns.
Sol Strategies’ Aggressive Investment Moves
Sol Strategies has demonstrated strong conviction in Solana:
- In April 2025, it raised $500 million through convertible notes to buy and stake SOL.
- On May 27, 2025, it filed a prospectus to issue up to $1 billion in HODL shares for further SOL purchases.
This strategy closely mirrors MicroStrategy’s Bitcoin play—except it focuses on Solana, with the added benefit of staking rewards.
Solana Adoption Among Corporations Is Accelerating
Sol Strategies is not alone in backing Solana:
- Classover Holdings, listed on Nasdaq, plans to raise $500 million to build its own Solana treasury.
- MemeStrategy, based in Hong Kong, recently purchased 2,440 SOL worth around $370,000, becoming the first public company in the region to hold SOL as a reserve.
As more firms adopt Solana and the possibility of a spot Solana ETF grows, corporate confidence in SOL continues to strengthen.
Sol Strategies’ Nasdaq ambitions mark a major milestone in Solana’s institutional journey. With $63 million in SOL and plans to raise another $1 billion, this move could accelerate corporate adoption of Solana—especially if regulatory clarity continues to improve.
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