Sol Strategies has become the first Solana Treasury to receive approval from the Nasdaq list, the company announced Friday. Sol Strategies expects that common stock will open on September 9, 2025 at the market opening on the NASDAQ under the symbol “Stke.” The company’s shares will continue to trade with the Canadian Stock Exchange (“CSE”) under the symbol “HODL.”
“By participating in NASDAQ, we position ourselves to align with the world’s most innovative technology companies and attract institutional investors who recognize the transformational potential of Solana’s infrastructure.” said Leah Wald, CEO of Sol Strategies. “This listing provides shareholders with greater access to deeper capital markets as it continues to expand its validator operations and expand its ecosystem investments. This NASDAQ list is more than just a result of Sol Strategies, a validation of the entire Solana Ecosystem.”
With Sol currently just over $200, native Solana Cryptocurrency could see a value boom over the weekend following the announcement. The coin has grown by more than 20% over the past 30 days, but this week its price was around $204. Solana’s latest price movement (SOL) comes from the launch of World Liberty Financial’s USD1 Stablecoin on the SOL network. World Liberty Financial is making headlines late after burning 47 million tokens on Wednesday. Since President Trump took office, Trump’s family-backed projects have made considerable crypto investments.
Additionally, Sol has momentum behind it after the Solana Treasury Company Defi Development Corp. accelerated Sol accumulation. With the 200,000 acquisition of SOL, DFSV total holdings exceeded the 2 million token threshold, earning approximately $409 million worth of its current price. Solana is currently facing immediate resistance at a price level of $210. The assets are traded entirely in the green zone, but their prices appear to be indicative of consolidation. Boasted by these updates, Sol could reach the $230 mark if it escapes its current level of resistance.
According to analysts at Concodex, Solana (SOL) will continue to surge in the coming weeks. The platform expects SoL to reach $220.40 on October 6th. At $220.40 from the current price, you’ll need a gathering of around 4.6%. It is likely that the Federal Reserve will cut interest rates by 25 basis points in September. Interest rate cuts significantly increase the likelihood that Solana (SOL) will violate the $220 mark much faster than Coincodex expects.