SOL Strategies, formerly known as Cypherpunk Holdings, officially commenced trading on the Nasdaq Global Select Market on September 9, 2025, under the ticker symbol STKE. The uplisting follows final approval from Nasdaq and marks a significant milestone for the Toronto-based company, which focuses exclusively on the Solana blockchain ecosystem.
The firm reported holdings of approximately 435,064 SOL tokens, valued at around $94 million as of late August, making it one of the largest publicly listed holders of Solana assets globally. CEO Leah Wald, who repositioned the company toward Solana validator operations, emphasized that the Nasdaq listing provides enhanced liquidity and access to deeper capital markets while validating the entire Solana ecosystem.
SOL Strategies will maintain its listing on the Canadian Securities Exchange under the ticker HODL but will no longer trade on the OTCQB market in the United States. The company celebrated the milestone with an on-chain bell-ringing ceremony, symbolizing its blockchain roots and transition to a premier international exchange.
Industry observers note that the listing could bridge the gap for investors seeking regulated exposure to blockchain infrastructure without directly purchasing digital assets. Historical parallels, such as MicroStrategy's Bitcoin-focused listings, suggest potential positive momentum for Solana's price and ecosystem adoption.