Sun strategies (HODL)A Toronto-listed digital asset company that focuses on Solana Blockchain has secured approval to list its joint shares on Nasdaq Global Select Market.
Trade begins September 9 during Ticker Stke, the company said Friday.
Shares will continue to act on the Canadian Safe Authorization Exchange (CSE) Under HODL, but will be delisted from the US over-the-counter (OTC) Market where they previously traded as a cyrf. Holders of OTC shares do not have to intervene as their shares automatically convert to the NASDAQ list.
The HODL share is higher with 8% in Toronto action.
The move marks a significant milestone for the Canadian company, formerly known as Cypherpunk Holdings, which has redirected around its Solana strategy.
Sun strategies started buying Solana In the second quarter last year after a strategic turn. Per. 31 August the company held 435,064 Sol -Tokens worth CAD $ 122 million.
The company said that the accession to Nasdaq will increase its visibility with institutional investors, improve liquidity and expand access to capital markets.
“This list gives our shareholders improved liquidity while giving us access to deeper capital markets as we continue to scale our validator operations and expand our ecosystem investments,” said CEO Leah Wald. It is also “Validation for the whole of the Solana ecosystem.”
Sol strategies are located as a leading institutional gateway in Solana stacking and infrastructure.
The company said it expects the NASDAQ list to speed up validator growth, support operational scalability when the demand of Solana stems and strengthens its role in bringing institutional capital into the network.
Read more: SOL strategies -File to the list of NASDAQ
