SOL Strategies Wins Nasdaq Approval, Signalling Institutional Confidence in Solana ●
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SOL Strategies, a Solana-focused infrastructure firm with $167M market cap, gained final approval to uplist to Nasdaq under ticker STKE, moving beyond its current OTC CYFRD) and CSE HODL) listings The company, holding nearly 400k SOL and surpassing CAD $1B in delegated assets
With institutional interest in Solanaʼs ecosystem continuing to build, SOL Strategies announced last Saturday, September 6th, that it has secured final approval to uplist its common shares to the Nasdaq Capital Market under the ticker STKE, marking a milestone for the Solana-focused infrastructure firm. The company, which currently carries a market capitalisation of about $167 million, has been trading on the OTC exchange under the symbol CYFRD. Until the uplisting takes effect, its shares will also continue to trade on the Canadian Securities Exchange under the ticker HODL, according to a corporate release. Formerly known as Cypherpunk Holdings, SOL Strategies has built its business around staking and validator operations within the Solana ecosystem. Its validator-driven model recently exceeded CAD $1 billion in delegated assets, while the number of unique wallets staking with the firm hit an all-time high of 7,068. As of August 25th, the company reported holding 399,907 SOL in its treasury, valued at roughly $84 million. That stake represents about 11 percent of the total assets secured by its validator network, supplemented by large third-party delegations.