Canadian crypto firm SOL Strategies seeks SEC approval to trade on Nasdaq under the ticker STKE.
- SOL Strategies filed a key form with the SEC to list in the U.S.
- The firm continues to invest heavily in Solana (SOL) tokens.
- The company’s stock rose over 4% after the news.
SOL Strategies Takes Step to Enter U.S. Market
SOL Strategies has filed a Form 40-F with the U.S. Securities and Exchange Commission (SEC). This form is needed for Canadian companies to list on U.S. stock markets. If approved, the company will be able to trade on Nasdaq using the ticker symbol STKE. Nasdaq is the second-largest stock exchange in the world.
Stock Moves Higher After Announcement
After the filing was made public, shares of SOL Strategies rose more than 4%. The stock closed at CAD $2.38 on Wednesday. Investors seem optimistic about the company’s plans to enter the U.S. market.
Company Continues to Grow Its Solana Holdings
In May, SOL Strategies purchased 122,524 SOL tokens, spending about $18.25 million. This was part of a larger $500 million investment plan. The company believes Solana will play a big role in the future of finance. Analysts at Cantor Fitzgerald also say companies holding SOL may benefit as the token gets used more widely.
Why This Matters
By listing on Nasdaq, SOL Strategies could get more attention from U.S. investors. This move might help the company grow faster and increase its influence in the crypto market. It also shows continued interest in Solana as a strong asset in the digital finance space.
Source: coindesk.com
