SOL Strategies to Begin Nasdaq Trading September 9 Under Ticker "STKE"

SOL Strategies Inc., a Toronto-based company focused on Solana blockchain infrastructure, received approval from Nasdaq to list its common shares on the Global Select Market under the ticker symbol "STKE" . Trading will commence on September 9, 2025, at market open.

The Canadian company, formerly known as Cypherpunk Holdings Inc., currently trades on the Canadian Securities Exchange under "HODL" and the OTCQB Venture Market under "CYFRF" . Upon Nasdaq trading commencement, the OTCQB listing will cease, though existing shareholders need not take action as shares automatically convert to the Nasdaq listing.

SOL Strategies operates as a publicly traded investment vehicle dedicated to the Solana blockchain ecosystem, providing validator operations and infrastructure services . The company specializes in strategic investments and infrastructure solutions for decentralized applications built on Solana's high-performance blockchain network.

Chief Executive Officer Leah Wald said the listing aligns the company with innovative technology firms and positions it to attract institutional investors who recognize Solana's transformative potential . Wald characterized the milestone as validation for the entire Solana ecosystem, noting that SOL Strategies represents a leading Solana-focused company to reach this institutional benchmark.

The company expects the Nasdaq listing to accelerate validator growth through institutional partnerships and enhance operational scalability as demand for Solana staking increases . SOL Strategies aims to strengthen its position as an institutional gateway to the Solana ecosystem through access to deeper capital markets .

The listing remains subject to regulatory requirements, including the Securities and Exchange Commission's declaration of effectiveness for the company's Form 40-F Registration Statement . This filing registers the common shares with U.S. regulators as required for Nasdaq trading.

SOL Strategies has previously secured partnerships with institutional investors. In recent months, the company was named as an exclusive Solana staking provider by ARK Invest, with Wald emphasizing the partnership's importance for institutional credibility .