SOL Strategies has become the first Solana treasury to get approval for a Nasdaq listing, the company announced Friday. SOL Strategies expects its common shares to begin trading on Nasdaq under the symbol “STKE” on September 9, 2025, at market open. The Company’s shares will continue to trade on the Canadian Securities Exchange (“CSE”) under the symbol “HODL”.
“Joining Nasdaq aligns us with the world’s most innovative technology companies and positions us to attract the institutional investors who recognize the transformative potential of Solana’s infrastructure,” said Leah Wald, Chief Executive Officer of SOL Strategies. “This listing provides our shareholders with enhanced liquidity while giving us access to deeper capital markets as we continue scaling our validator operations and expanding our ecosystem investments. This Nasdaq listing represents more than just an achievement for SOL Strategies; it’s validation for the entire Solana ecosystem.”
With SOL currently trading just above $200, the native Solana cryptocurrency will likely see a boom in value over the weekend following the announcement. The coin is up over 20% in the last 30 days, but its price has stagnated around $204 this week. Solana’s (SOL) latest price moves could be due to World Liberty Financial’s USD1 stablecoin launch on the SOL network. World Liberty Financial has been making headlines of late after it burned 47 million tokens on Wednesday. The Trump family-backed project has made substantial crypto investments since President Trump took office.
Also Read: Solana Faces Resistance at $210: Breakout Could Push it to $220
Furthermore, SOL also has some momentum behind it after the Solana treasury company DeFi Development Corp. accelerated its SOL accumulation. The 200,000 SOL acquisition pushed DFSV’s total holdings across the 2 million token threshold, worth around $409 million at current prices. Solana is presently facing immediate resistance at the $210 price level. The asset is trading in the green zone across the board, but its price seems to show some signs of consolidation. Fueled by these updates, SOL could thus hit the $230 mark if it breaks out of its current resistance levels.
According to CoinCodex analysts, Solana (SOL) will continue to surge over the next few weeks. The platform anticipates SOL to hit $220.40 on Oct. 6. Hitting $220.40 from current prices will entail a rally of about 4.6%. There is a high likelihood that the Federal Reserve will slash interest rates by 25 basis points in September. An interest rate cut will greatly increase Solana’s (SOL) chances of breaching the $220 mark much sooner than CoinCodex’s expectations.
