Canadian treasury firm SOL Strategies, known for its Solana-focused investment strategy, has applied with the U.S. Securities and Exchange Commission (SEC) to list its common shares on the Nasdaq Capital Market under the ticker “STKE.”
The move marks a strategic pivot for the Ontario-based company, which currently trades under the symbol “HODL” on the Canadian Securities Exchange and “CYFRF” on the OTCQB in the U.S. According to the Form 40-F filing submitted on June 19, SOL Strategies aims to trade its common shares with no par value on Nasdaq—a crucial step toward expanding its footprint in the U.S. financial market.
IMG TXT: Sol Strategies has filed form 40-F with the SEC. Source: Crypto Coin Show.
This filing is a required regulatory milestone for any foreign company seeking to offer securities in the United States. If approved, it would be SOL Strategies’ first official entry into the U.S. market, potentially giving the firm greater access to American investors and further aligning it with the country’s increasingly favourable stance on crypto investment vehicles.
Investor confidence appeared to rise following the announcement. On June 19, shares of SOL Strategies climbed 4.3%, with prices under the HODL ticker jumping from 2.28 to 2.38, according to Google Finance, reflecting a notable 10-point gain.
The Nasdaq push comes just months after SOL Strategies secured up to $500 million through a convertible note agreement with ATW Partners in April. The capital injection is earmarked for acquiring more SOL tokens and scaling the company’s validator operations on the Solana blockchain.
Meanwhile, the regulatory environment for crypto assets in the U.S. continues to evolve. On June 17, the SEC opened a public comment period for two proposed crypto exchange-traded funds (ETFs) from Franklin Templeton, including one linked to XRP—highlighting a growing appetite for diversified digital asset exposure beyond Bitcoin and Ether. This move follows an earlier proposal submitted by Cboe in March, which the regulator had postponed in April, extending its decision window until mid-June.
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