- SOL Strategies began trading on the Nasdaq Global Select Market under “STKE” on 9 September 2025.
- The company keeps its CSE listing as “HODL” and ends OTCQB trading under “CYFRF”.
SOL Strategies Inc commenced trading on the Nasdaq Global Select Market on 9 September 2025 under the ticker “STKE”. The move formalises the Canadian company’s presence in U.S. public markets following final listing approval.
Company retains CSE symbol “HODL” and ceases OTCQB trading under “CYFRF”
The company said its common shares will continue to trade on the Canadian Securities Exchange under “HODL”. With the Nasdaq debut, trading on the OTCQB under “CYFRF” will no longer continue. The cross-listing aims to preserve access for existing Canadian investors while transitioning U.S. liquidity to Nasdaq.
Management frames listing as step to widen institutional access and spotlight Solana focus
SOL Strategies, formerly Cypherpunk Holdings, invests in and provides infrastructure for the Solana blockchain ecosystem through staking and strategic allocations to Solana-aligned projects. The firm rebranded in 2024 to reflect the shift in mandate. Chief executive Leah Wald leads the management team overseeing the strategy.
Management has said the uplisting is intended to broaden visibility among U.S. institutions and improve access to capital, which are key considerations for specialist digital asset vehicles seeking to match investor demand with balance sheet capacity for staking and infrastructure commitments.
To mark the first trading day, the company organised an on-chain bell-ringing ceremony on Solana, aligning investor communications with the protocol that underpins its strategy. Such gestures have become common among crypto-native issuers aiming to engage their communities while operating within public market disclosure frameworks.
For equity analysts, the Nasdaq Global Select venue provides more consistent price discovery and index eligibility compared with over-the-counter trading, factors that can affect spreads and depth for specialist issuers. For the company, a dual-presence in Toronto and New York may support a broader shareholder register while maintaining proximity to Solana developers and service providers.
The firm’s governance and leadership bench includes executives with backgrounds across digital assets and traditional finance, including Wald as president and chief executive and Doug Harris as chief financial officer.
As trading commences under “STKE”, investors will assess execution against stated objectives in Solana staking and infrastructure participation, as well as how U.S. listing status influences liquidity, research coverage, and institutional engagement over subsequent quarters. Continuous disclosure will remain available on the company’s website and regulatory profiles.
