Well, it looks like the Nasdaq is having a moment of clarity! They’ve decided to list SOL Strategies, the third-largest corporate holder of Solana. You know, in case you were wondering how Solana is doing despite the occasional drama.
To make things even more interesting, the Nasdaq seems to have a soft spot for crypto treasury firms. Yes, they are into that now. Yesterday, in a completely unrelated twist, their big campaign to scrutinize crypto firms sent stock prices tumbling across the board. So, naturally, today’s listing is like a much-needed cup of chamomile tea to calm things down.
Solana on the Nasdaq? Really?
Digital Asset Treasury (DAT) firms are apparently all the rage now. Who knew? The Nasdaq, being ever so fashionable, has been listing a variety of them-ETH holders, Bitcoin miner/DATs, and now… drum roll please… Solana treasury firms. Yes, you heard it right:
1/ Major Milestone Alert!
SOL Strategies approved for @NasdaqExchange Global Select Market listing under the ticker “STKE” and trading will commence on Tuesday, September 9, 2025!
As CEO Leah Wald noted: “This represents more than just an achievement for SOL Strategies, it’s…
– SOL Strategies (@solstrategies_) September 5, 2025
SOL Strategies, the third-largest Solana DAT, is the fourth corporate holder to get a Nasdaq listing. But wait-here’s the kicker: it actually has a few advantages that make it a bit more interesting than its competition.
The other three companies, Upexi, DeFi Development, and Exodus Movement, started life doing *other* things. Yeah, they were all busy doing non-Solana things until they decided to jump on the Solana bandwagon. No biggie. SOL Strategies, however, has been hoarding tokens for *ages*, way before it was cool.
Hidden Benefits? Or Just More Crypto Shenanigans?
In case you missed it, the other companies got their Nasdaq listings because of their *other* business ventures. Not Solana. SOL Strategies, on the other hand, has been diligently collecting Solana tokens, staking them, and collecting passive income like a crypto wizard.
Now, they’re ready to show off their staking prowess. This isn’t just a regular “look, I bought a bunch of tokens” situation. A study has shown that SOL Strategies is effectively staking its tokens, making them the cool kid at the crypto party.
Sure, the firm hasn’t even started trading on the Nasdaq yet (that’ll be September 9), but it’s already causing a ruckus on Canadian exchanges. So, yeah, it’s already doing well, but don’t pop the champagne just yet-competition is fierce.
Here’s the fun part: today’s announcement is enough to make the crypto world think, “Hmm, maybe this is bullish after all.” Look at this graph:
Still, let’s not get too carried away. This Nasdaq listing doesn’t automatically crown SOL Strategies as the king of Solana DATs. It’s still only the third-largest corporate holder of Solana. So, yeah, not quite the top of the heap-yet.
The competition’s only getting tougher, especially since there’s this $1 billion Solana treasury project brewing in the background. Yikes. What next? A crypto arms race?
But for now, it’s safe to say that the Nasdaq is still quite keen on DATs. Solana’s included, of course. Even though they just kicked off a campaign to scrutinize these firms for any potential “oops” moments, this little olive branch of a listing is a nice way to soften the blow. Well played, Nasdaq. Well played.
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2025-09-05 23:51