PANews reported on February 11 that according to The Block, in order to expand institutional adoption of Solana staking, Toronto-based Sol Strategies announced on Tuesday that it had been selected as the staking provider for 3iQ Corp.'s Solana Staking ETF.

Sol Strategies and its subsidiaries held a total of 189,968 SOLs as of January 31, with an average purchase price of approximately $179 per coin. The company's shares (HODL), which trade on the Canadian Securities Exchange, soared more than 2,000% last year and are currently traded over-the-counter in the United States with plans to list on the Nasdaq.