Canada’s Sol Strategies files with SEC to list on the Nasdaq
Sol Strategies, a Canadian firm focused on the Solana ecosystem, has filed documents with the US Securities and Exchange Commission (SEC) to list on the Nasdaq exchange under the ticker symbol STKE. This announcement led to a 4.39% surge in the company's stock price during Tuesday’s session. Currently listed on the Canadian Securities Exchange under the ticker HODL, Sol Strategies' stock experienced a notable peak while still being down 17% year-to-date. The firm has aggressively accumulating Solana tokens as part of its treasury strategy, holding over 420,000 SOL tokens valued at approximately $61.32 million. Additionally, Sol Strategies aims to issue stock, potentially raising up to $1 billion for further investments in the Solana ecosystem. Analysts predict that firms investing in Solana will benefit significantly from its adoption in the financial sector due to its high transaction speed and low costs.
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