 
 
Publicly listed Canadian agency SOL Strategies, a Solana treasury and infrastructure firm, secured approval to checklist its widespread shares on the American-based Nasdaq Change.
The Toronto-listed firm stated in a Friday discover that buying and selling will begin on the Nasdaq International Choose Market on Sept. 9 below the ticker STKE.
Shares of SOL Strategies will proceed buying and selling on the Canadian Securities Change (CSE) below HODL, however will probably be now not commerce from the U.S. over-the-counter (OTC) market, the place they previously traded as CYFRF.
CYFRF holders don’t must take motion, as their shares will mechanically convert to the Nasdaq itemizing.
“This itemizing supplies our shareholders with enhanced liquidity whereas giving us entry to deeper capital markets as we proceed scaling our validator operations and increasing our ecosystem investments,” posited SOL Strategies President and CEO Leah Wald.
 
The Nasdaq itemizing marks an enormous feat for the Canadian firm, previously referred to as Cypherpunk Holdings, which has rebranded after investing within the Solana blockchain and ecosystem.
The corporate expects the uplisting to spice up the expansion of its Solana validator operations because it accelerates institutional demand. As of August 31, SOL Strategies has stockpiled 435,064 SOL, valued at round $88 million as of press time. Furthermore, its validators have amassed over 3 million staked SOL, value round $740 million.
The $88 million Solana stockpile ranks it third amongst publicly traded SOL treasuries, in keeping with knowledge collected by CoinGecko. It trails solely Upexi and DeFi Development Corp, with every holding round 2 million Solana tokens.
SOL Strategies plans to have a good time the Nasdaq itemizing with a digital bell-ringing, inviting the Solana neighborhood throughout the globe to take part.
Solana Set For Main Community Overhaul With Alpenglow
In the meantime, Solana is gearing up for main enhancements after validators handed a proposal earlier this week to implement the long-awaited Alpenglow upgrade.
First launched in Could, Alpenglow introduces a brand new consensus protocol designed to dramatically enhance transaction finality and community effectivity, and put the community on par with centralized infrastructure utilized in conventional finance.
On the coronary heart of Alpenglow are two new components, Votor and Rotor, which is able to reconfigure Solana’s current methods, Proof-of-Historical past and TowerBFT.
