SOL Strategies Files to list on Nasdaq

SOL Strategies, a Toronto-listed digital asset firm focused on Solana, filed with the U.S. Securities and Exchange Commission (SEC) to list on Nasdaq, as the company seeks access to the world’s largest economy.

The company filed a 40-F form, according to a filing on Wednesday. The 40-F form is required from Canadian companies wishing to offer securities in the U.S. If the company gets approved by the SEC it will operate under the ticker STKE, it said.

Getting approved by the SEC would grant the company access to Nasdaq, the world’s second largest stock exchange.

Shares of SOL Strategies closed over 4% higher on Wednesday at Canadian dollar $2.38.

SOL Strategies has been ramping up its SOL investment. In May, it acquired 122,524 SOL for $18.25 million. Companies that invest in Solana may benefit as the coin is being used more in the financial industry, analysts at Cantor Fitzgerald said on Monday.