Nasdaq Lists The Third Largest Solana Treasury Company Despite Recent Scrutiny

The Nasdaq goes to listing SOL Strategies, the third-largest company Solana holder. Although a number of opponents have already been listed, these pivoted to crypto from preexisting enterprise ventures.

In different phrases, this itemizing exhibits that the Nasdaq is concerned about crypto treasury companies as such. Yesterday, its marketing campaign to scrutinize these companies introduced down inventory costs throughout the sector, making this a welcome olive department.

Solana on the Nasdaq

Digital Asset Treasury (DAT) companies have been a worldwide phenomenon recently, and the Nasdaq is itemizing a number of of them. It’s been buying and selling shares in ETH holders, main Bitcoin miner/DATs, and now, the Nasdaq is adding a Solana treasury within the combine:

SOL Strategies, the third-largest Solana DAT, is the fourth company holder to obtain a Nasdaq itemizing, but it surely has just a few distinct benefits.

The different three firms, Upexi, DeFi Development, and Exodus Movement, all started as unrelated companies. They solely just lately shifted to Solana.

Hidden Benefits and Advantages?

In different phrases, these firms obtained Nasdaq listings for unrelated enterprise ventures, not for his or her Solana treasuries. SOL Strategies, against this, has been stockpiling tokens for much longer than its competitors.

A latest research exhibits that it’s been staking tokens more effectively than them, too, reaping passive earnings from its holdings.

SOL Strategies would possibly due to this fact have an opportunity to face out on this sector, and this itemizing may give it the proper alternative. Although this Solana DAT gained’t begin buying and selling on the Nasdaq till September 9, it has already been listed on Canadian exchanges.

By these metrics, at present’s improvement has been extremely bullish:

Still, this Nasdaq itemizing gained’t essentially assure the agency its place as the highest Solana DAT. Despite its head-start, dedication to crypto, and aggressive staking, it’s nonetheless solely the third-largest company holder.

Competition is simply getting stiffer, particularly since a tripartite plan to build a $1 billion SOL treasury made substantial progress at present.

For now, although, it’s clear that the Nasdaq is concerned about DATs, Solana, or in any other case. Although it recently began a campaign to scrutinize DAT companies for fiscal malfeasance, this doesn’t represent full-blown aggression.

The Nasdaq’s investigation briefly brought about inventory costs to dip throughout this complete sector, so this olive department is sweet information as properly.

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