Sol Methods, a Canadian agency that focuses on the Solana ecosystem, has filed compliance paperwork with the US Securities and Change Fee to get listed on Nasdaq.
The Type 40-F submitting reveals that if the agency obtained approval from the company, it will commerce underneath the STKE ticker image on the Nasdaq change.
Corporations domiciled in Canada are required to file Type 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 Change, the place Sol Methods is at present listed underneath the tick “HODL,” has 762 whole securities as of April 30.
Sol Methods inventory good points 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, according to Google Finance.
Earlier this month, the Canadian agency reported a net loss of $3.5 million in the course of 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, value roughly $61.32 million, according to the corporate’s web site.
Associated: SOL price rally to $200 brewing, but 3 key catalysts must happen first
On Might 27, Sol Methods revealed that it had filed a prospectus with Canadian regulators, which might 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 value $500 million to purchase and stake SOL tokens.
On Monday, analysts from Cantor Fitzgerald stated that corporations that put money into Solana stand to profit from the elevated use of SOL within the monetary trade. The analysts touted the Solana community’s excessive pace and low price, which might be useful for tokenized property.
Journal: Bitcoin’s invisible tug-of-war between suits and cypherpunks
