Sol strategies requests trading on Nasdaq at the SEC

Sol Strategies submitted a form 40-f to the US Securities and Exchange Commission (SEC) to write down its shares at the Nasdaq Capital Market under the ticker “StKE”.

In June 2025, the company had more than 420,000 SOL-TOKEN worth over $ 61 million. It is one of the most prominent institutional owners of Solana's native asset.

The NASDAQ application is part of an ambitious expansion in the United States. If the application is approved, Sol strategies shares can be acquired from a much larger and more diverse investor base by using the $ 30 trillion market capitalization and the global reach of the NASDAQ. The company's managing director, Leah Wald, called the step “a crucial step on our way to combine institutional investments with the limitless potential of the Solana ecosystem” and emphasized the company's commitment to increase growth and value for shareholders.

Sol strategies focused on Solana

Sol Strategies attracted attention with his Solana reserves strategy after the company had previously repelled its Bitcoin stocks to concentrate on SOL. The company recently has $ 500 million in the form of convertible bonds outputto buy even more SOL and to participate and to reconcile his capital strategy with the Solana Staking Economy.

In addition, the company submitted a prospectus in Canada with a volume of $ 1 billion that gives it flexibility to obtain funds for further expansion and investments in Solana projects. By concentrating on Solana, the company is able to benefit from the rapid growth of blockchain in the area of tokenization of assets and digital infrastructure.

Dealing with US regulations

Sol strategies fulfills the SEC regulations as a “foreign private issuer” because it is a company based in Canada. It can maintain the Canadian governance standards and, thanks to this status, is excluded from some US regulatory procedures, including the section 16 submissions and the rules for obtaining full powers. As required for domestic issuers in the USA, the SOL strategies board does not have to consist of independent directors and has no nominating or remuneration committee.

The NASDAQ department and the SEC department must check and approved the application for stock exchange approval at the NASDAQ. The trade in the CSE and the OTC exchanges continues until Sol is approved.

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