Bit Mining added 17,221 solana ( SOL) to its treasury as part of an ongoing 
strategy focused on the Solana network. Bit Mining Adds 17,221 SOL, Keeps 
Validators Running on Solana The Akron, Ohio-based company said the purchase 
lifts its holdings to 44,412 SOL, valued at $9.95 million at fair value at 
0:00 UTC on […]

Bit Mining Acquires More Solana, Lifts SOL Treasury to 44,412 Tokens

SOL Strategies Inc., the company that grew out of Cypherpunk Holdings, made 
its Nasdaq debut this week under the ticker STKE. According to reports, the 
move converts the company’s Canadian listings into a US trading venue and 
gives American investors direct access to a firm that holds a sizable Solana 
treasury. Related Reading: Institutional Adoption Rises: 21X Brings Chainlink 
Into Europe’s Tokenized Securities Market The firm’s SOL holdings were valued 
at roughly $83 million–$94 million around the time of the listing, and SOL 
token prices were trading in the $214–$220 range as markets reacted. Nasdaq 
Debut And Trading Volatility According to market watchers, STKE opened around 
$12.85 on Nasdaq before tumbling to roughly $8.18 in early trades, showing 
heavy volatility in the first session. The company still maintains a presence 
in Canada, where it trades as HODL on the Canadian Securities Exchange, and 
its OTCQB shares (CYFRF) are being migrated into the Nasdaq listing. Reports 
have disclosed that the early price swings were driven by speculative flows 
and the usual market churn that follows a high-profile uplisting. A Bigger 
Picture On Holdings SOL Strategies has been built as a Solana-focused treasury 
and operational group. It runs validators, takes part in staking, and invests 
in projects inside the Solana ecosystem. The company’s holding size puts it 
among notable North American SOL treasuries, though some peers hold far more. 
For example, coverage shows Upexi Inc. holds about 1.9 million SOL, which was 
valued at roughly $319 million, while DeFi Development Corp holds about 1.18 
million SOL, worth about $198 million at market rates cited in reports. Market 
Reaction And Investor Interest According to market coverage, the Nasdaq 
listing gave SOL Strategies fresh visibility and attracted both retail traders 
and institutional curiosity. The share-price swings were large enough to draw 
headlines, and trading volume spiked as investors weighed the risks and 
rewards of a treasury-backed crypto firm now trading on a major US exchange. 
Some traders treated STKE as a way to get indirect exposure to SOL, while 
others saw it as a pure equity play in a niche operator. Related Reading: 
Bitcoin Jumps Past $114K As Markets Eye Fed Easing After PPI Report Regulatory 
And Competitive Issues SOL Strategies is smaller than several competitors, 
raising questions about scale and sustainability if SOL volatility returns. 
Regulators and market watchers will likely keep a close eye on how crypto 
treasuries are presented to investors, and on disclosures about staking, 
validator income, and treasury management. Featured image from Google Images, 
chart from TradingView

Solana Treasury Player SOL Strategies Goes Public On Nasdaq

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