Sun strategies (HODL)A firm of digital assets that are quoted in Toronto centered on the Solana block chain, has ensured approval to list its common actions in the Nasdaq Global Select market.
The trade will begin on September 9 under the Ticker Stke, said the company on Friday.
The actions will continue to operate in the Canadian Securities Exchange (CSE) under Hodl, but will be eliminated from the US. (Military Cadet Bodies) Market, where they previously traded as Cyfrf. OTC shares do not need to take action, since their actions will automatically become the Nasdaq list.
Hodl’s actions are higher by 8% in Toronto’s action.
The movement marks a significant milestone for the Canadian firm, previously known as Cypherpunk Holdings, which has changed around its Solana strategy.
Sol Strategies began buying Solana in the second quarter of last year after a strategic pivot. As of August 31, the company had 435,064 tokens sun, with a value of around CAD $ 122 million.
The company said that joining Nasdaq will increase its visibility with institutional investors, improve liquidity and expand access to capital markets.
“This list provides our shareholders with improved liquidity while providing access to deeper capital markets as we continue to climb our validator operations and expand our investments in ecosystems,” said the CEO Leah Wald. It is also “validation for the entire Solana ecosystem.”
Sol Strategies is positioning itself as a leading institutional entrance door in Solana Staking and infrastructure.
The firm said that the Nasdaq listing to accelerate the growth of the validator, support operational scalability as the demand for Solana increases and strengthens its role in bringing institutional capital to the network.
Read more: Sol Strategies files to list Nasdaq
