Briefly
- SOL Methods obtained approval to checklist its frequent shares on the Nasdaq Alternate.
- The agency intends to commerce underneath ticker STKE beginning on September 9.
- Shares of the agency have been up practically 20% on the Canadian Inventory Alternate on Friday.
Publicly traded Solana treasury and infrastructure firm SOL Methods obtained approval to checklist its frequent shares on the American-based Nasdaq Alternate, the agency introduced on Friday.
The Canadian agency expects to start buying and selling on the Nasdaq on September 9 with the ticker STKE. It can proceed buying and selling on the Canadian Securities Alternate as HODL, however not commerce on the OTCQB Enterprise Market. OCTQB shareholders will robotically have their shares transformed to the Nasdaq itemizing.
“For SOL Methods, the itemizing opens up deeper capital markets, better institutional visibility, and new partnership alternatives that merely aren’t accessible on different exchanges,” SOL Methods President and CEO Leah Wald informed Decrypt. “For shareholders, it brings enhanced liquidity, broader investor participation, and the credibility that comes with being in Nasdaq’s orbit. We’re increasing entry and making a stronger platform for shareholders with actual long-term worth.”
The official Nasdaq itemizing stays topic to itemizing and regulatory necessities, and the agency’s efficient registration of frequent shares with the SEC.
Upon itemizing, the agency anticipates that it’ll speed up development of its Solana validator operations because it builds institutional curiosity.
As of August 31, SOL Methods has amassed 435,064 SOL, price round $89 million on the time of writing. Moreover, its validators have amassed greater than 3 million staked SOL, price round $741 million.
The $89 million in its Solana treasury locations it third amongst publicly traded SOL treasuries, based on information gathered by CoinGecko. It trails solely Upexi and DeFi Growth Corp, every of which holds round $400 million price of Solana.
Shares of HODL on the Canadian Inventory Alternate traded up practically 20% on the day to $10.21 CAD, or round $7.37.
The agency reported a quarterly annualized income development to round $8.7 million USD in Q2, up from round $3.5 million within the last quarter of 2024, based on a latest investor presentation.
“Incomes this itemizing locations SOL Methods on the identical international stage as a number of the most revolutionary public corporations,” Wald informed Decrypt. “For us, it’s about proving to the market that we’re right here to hitch the fray and battle for a high seat within the public markets.”
Editor’s word: This story was up to date after publication so as to add quotes from Wald.
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