PANews reported on December 5 that Sol Strategies Inc., a Canadian listed company, submitted an application for listing on the Nasdaq stock market today. The company's listing application is subject to review and approval by the Nasdaq Listing Qualifications Department to ensure compliance with all Nasdaq capital market standards, as well as approval from any other relevant regulatory authorities. The company must also submit a registration statement to the U.S. Securities and Exchange Commission (SEC) and declare it effective before listing on Nasdaq.

According to reports, Sol Strategies is a Canadian public company that actively invests, supports and provides infrastructure for the Solana blockchain and ecosystem. According to SolanaFloor, Sol Strategies holds approximately $30 million worth of SOL and has $218 million worth of SOL delegated to its validators.