Sol Strategies, a Canadian company focused on the Solana ecosystem, has filed compliance documents with the U.S. Securities and Exchange Commission to list on Nasdaq.
Form 40-F registration reveal If the company obtains approval from the institution, it will trade under the Stke Tricker symbol on the Nasdaq Exchange.
If a company living in Canada wants to list its securities on a U.S. exchange, it must file Form 40-F with the SEC.
The Nasdaq Exchange is the world’s second largest exchange with market value $30.12 trillion And more than 3,300 companies are listed, while the Canadian Securities Exchange currently lists sol strategies under tick “hodl” have 762 Securities total as of April 30.
Sol Strategy Stocks Grow 4.4%
Sol Strategies shares soared 4.39% in Tuesday’s trade fair after the SEC application.
The stock hit CAD 2.42 ($1.76) and ended the trading day ($1.73) at $2.38.
However, the stock fell just 17% year-on-year, down 61% from the all-time high of $6.1 CAD reached on January 22, down 61% according to for Google Finance.
Earlier this month, Canadian companies reported Net loss of $3.5 million In the quarter ended March 31, 2025.
Solana Treasury Reserve Strategy
The sol strategy has been actively accumulating solvents (sol) Tokens as part of its Solana Treasury Reserve Strategy.
As of June 2, the company has more than 420,000 SOL tokens worth approximately $61.32 million. according to Go to the company’s website.
Related: SOL price rally to $200 brew, but 3 key catalysts must occur first
On May 27, SOL strategy revealed it Propose a prospectus Together with Canadian regulators, the company can raise up to $1 billion in its own shares in the near future to invest in the Solana ecosystem.
In April, the company Issuing convertible notes Purchase and equity tokens worth $500 million.
Cantor Fitzgerald’s analyst on Monday statement Companies investing in Solana will benefit from SOL’s increase in the financial industry. Analysts touted the high speed and low cost of the Solana network, which could be beneficial for tokenized assets.
