BitNewsBot - 9/5/2025 11:01:24 PM - GMT (+0 )
- SOL Strategies receives approval for Nasdaq listing, becoming the first Solana treasury company on the exchange.
- The company expects its shares to begin trading under the symbol “STKE” on Nasdaq on September 9, 2025.
- SOL Strategies’ shares will also continue trading on the Canadian Securities Exchange with the symbol “HODL.”
- Solana (SOL) price remains around $204, with recent market activity tied to new stablecoin launches and significant SOL acquisitions.
- Analysts predict Solana could soon hit $220.40, especially if the Federal Reserve reduces interest rates as expected.
SOL Strategies has secured approval to list its common shares on Nasdaq, according to an announcement from the company on Friday. Trading on the U.S. exchange is set to begin under the symbol “STKE” on September 9, 2025, at market open. The company will also keep its listing on the Canadian Securities Exchange (CSE) with the symbol “HODL.”
The move marks a milestone as SOL Strategies becomes the first Solana treasury company to trade on Nasdaq. In a statement, CEO Leah Wald said, “Joining Nasdaq aligns us with the world’s most innovative technology companies and positions us to attract the institutional investors who recognize the transformative potential of Solana’s infrastructure.” Wald added that the listing would provide shareholders with greater liquidity and allow the company to access deeper markets as it scales its validator operations and ecosystem investments.
Recent developments in the Solana (SOL) ecosystem include the launch of World Liberty Financial’s USD1 stablecoin on the Solana network. The stablecoin issuer recently burned 47 million tokens, contributing to increased activity on the blockchain. The project has backing from the Trump family and has made large crypto investments since President Trump took office.
In addition, DeFi Development Corp. increased its accumulation of SOL, adding 200,000 tokens and pushing its total holdings above 2 million SOL, currently worth about $409 million. Solana is now trading just over $200 and faces resistance at the $210 price level. If the asset surpasses this threshold, analysts suggest it could move toward $230.
According to CoinCodex analysts, Solana is forecasted to rise to $220.40 by October 6. This would mark a 4.6% jump from current prices. The Federal Reserve may lower interest rates by 0.25 percentage points in September, which could further drive upward price movement for SOL.
Solana’s recent market movements and new exchange listings are seen as positive signs by industry participants, signaling growing institutional interest and continued development within the ecosystem.
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