Sol Methods, a Canadian agency that focuses on the Solana ecosystem, has filed compliance paperwork with the US Securities and Alternate Fee to get listed on Nasdaq.
The Kind 40-F submitting reveals that if the agency obtained approval from the company, it might commerce beneath the STKE ticker image on the Nasdaq change.
Firms domiciled in Canada are required to file Kind 40-F with the SEC if they need their securities to be listed on US exchanges.
The Nasdaq change is the second largest change on the planet with a market capitalization of $30.12 trillion and greater than 3,300 firm listings, whereas the Canadian Securities Alternate, the place Sol Methods is at present listed beneath the tick “HODL,” has 762 whole securities as of April 30.
Sol Methods inventory features 4.4%
Following the SEC submitting, Sol Methods’ inventory noticed a spike of 4.39% in Tuesday’s buying and selling session.
The inventory peaked at 2.42 Canadian {dollars} ($1.76) and ended the buying and selling day at 2.38 Canadian {dollars} ($1.73).
Nonetheless, the inventory is down 17% year-to-date, and has fallen 61% from its all-time excessive of 6.1 Canadian {dollars}, which it reached on January 22, in keeping with Google Finance.
Earlier this month, the Canadian agency reported a internet lack of $3.5 million throughout the quarter ending March 31, 2025.
Solana treasury reserve technique
Sol Methods has been aggressively accumulating Solana (SOL) tokens as a part of its Solana treasury reserve technique.
As of June 2, the corporate held greater than 420,000 SOL tokens, price roughly $61.32 million, in keeping with the corporate’s web site.
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On Could 27, Sol Methods revealed that it had filed a prospectus with Canadian regulators, which may see the corporate challenge its personal inventory to lift as a lot as $1 billion within the close to future to put money into the Solana ecosystem.
In April, the corporate issued convertible notes price $500 million to purchase and stake SOL tokens.
On Monday, analysts from Cantor Fitzgerald said that firms that put money into Solana stand to profit from the elevated use of SOL within the monetary business. The analysts touted the Solana community’s excessive velocity and low price, which could possibly be useful for tokenized property.
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