Crypto company SOL Strategies has filed for securities registration on Nasdaq, thereby increasing its chances of attracting institutional investments.
Securities Registration on Nasdaq
SOL Strategies has submitted Form 40-F to the U.S. Securities and Exchange Commission (SEC) to register its securities under the symbol STKE. This is a requirement by the SEC for Canadian firms seeking to register their securities for trading in the U.S. market. While the agency reviews the application, SOL Strategies’ common stock will continue to trade on the OTC market under the ticker CYFRF and on the Canadian Securities Exchange (CSE) under the ticker HODL.
Financial Results and Strategic Changes
The company reported a net loss of CAD 4.8 million ($3.5 million) for Q2 2025, despite revenue from staking and validating surging to CAD 2.54 million ($1.85 million). In September, SOL Strategies rebranded from Cyberpunk Holdings and shifted its focus to the Solana blockchain.
Investment Growth in the Solana Ecosystem
As of June 2, SOL Strategies held more than 420,000 SOL tokens, worth approximately $61.32 million. On December 2, 2024, the company announced plans to acquire additional validators to strengthen its position in the Solana ecosystem. Moreover, in May, the firm issued convertible notes worth $500 million to buy and stake SOL tokens.
SOL Strategies' move to Nasdaq and ongoing investments in the Solana blockchain highlight the growing interest in cryptocurrencies and their integration into traditional financial markets.
