Canadian firm Sol Strategies, focused on the Solana ecosystem, has filed documents with the U.S. SEC to list on Nasdaq.
Filing Compliance Documents and Potential Nasdaq Listing
Sol Strategies has filed Form 40-F with the SEC, which would allow the company to trade on Nasdaq under the STKE ticker if approved by the regulator. Canadian companies are required to file this form to list their securities on U.S. exchanges.
Stock Performance and Trends
Following the SEC filing, Sol Strategies' stock saw a rise of 4.39% during Tuesday's trading session, peaking at 2.42 Canadian dollars. However, the stock is down 17% year-to-date and has fallen 61% from its all-time high of 6.1 Canadian dollars, reached on January 22.
Solana Token Accumulation Strategy
Sol Strategies has been aggressively accumulating Solana tokens as part of its treasury reserve strategy. As of June 2, the company held over 420,000 SOL tokens, worth approximately $61.32 million. Additionally, they filed a prospectus to raise up to $1 billion for investment in the Solana ecosystem.
These moves indicate Sol Strategies' aggressive strategy aimed at expanding its footprint in the crypto financial sector with a focus on Solana.
