News

Sol Strategies has announced plans to list on Nasdaq following a remarkable 2,336% increase in its stock since July. Currently trading under the ticker HODL on the Canadian Securities Exchange, the company is focusing on investments within the Solana ecosystem.

Leah Wald, who became CEO in July, emphasized the advantages of dual listings for enhancing liquidity and accessibility for investors. The Nasdaq listing aims to broaden the company's investor base and improve brand visibility.

As of Dec. 11, Sol Strategies holds over 142,000 SOL tokens valued at approximately 46 million Canadian dollars ($32 million). The company has also acquired four additional Solana validators, reinforcing its commitment to the ecosystem.

The firm has significantly shifted its investment strategy, moving away from Bitcoin in favor of Solana. Once a prominent holder of Bitcoin, Sol Strategies now possesses only about 3 BTC, a drastic reduction from its previous holdings.

Wald stated that the company’s decision to sell Bitcoin aligns with its strategic pivot towards Solana, using the proceeds to bolster its SOL position and invest in validators.

Staking has become integral to Sol Strategies' operations, with nearly one million SOL tokens delegated to its network.

The company is exploring further investment opportunities in Solana-focused projects and startups while also considering collaborations with developer communities to promote innovation through grants and partnerships.