Canadian blockchain company SOL Strategies announced its upcoming debut on Nasdaq, scheduled for September 9. The company aims to enhance liquidity and expand capital opportunities.
Debut on Nasdaq
On Friday, SOL Strategies announced that it will begin trading on the Nasdaq Global Select Market on September 9 under the ticker symbol STKE. This move concludes the company's presence on the OTCQB market while maintaining activity on the Canadian Securities Exchange.
Company Overview
SOL Strategies CEO Leah Wald stated that this listing provides shareholders with improved liquidity and access to deeper capital markets, enabling the scaling of validator operations and ecosystem investments. The company previously raised $500 million in convertible notes in April to purchase SOL tokens.
Solana Network Updates
This week, Solana announced the successful governance vote to upgrade the network to the Alpenglow consensus protocol. This upgrade is expected to significantly reduce transaction finality, allowing Solana to achieve speeds comparable to Web2.
The upcoming debut of SOL Strategies on Nasdaq and the Solana network upgrade reflect the active development in the blockchain industry and the importance of speed and liquidity for market participants.
