The post Sol Strategies Announces Nasdaq Listing – Best Blockchain Stock To Buy? appeared on BitcoinEthereumNews.com.

Toronto-based Solana treasury firm Sol Strategies ($CYFRF) is eyeing a U.S. market debut with its Form 40-F filing to list common shares on the Nasdaq under the ticker STKE. Often dubbed the “MicroStrategy of Solana,” the company has rapidly positioned itself as a key institutional player in the SOL ecosystem and the broader digital assets market.  With over 420,000 SOL worth roughly $60 million on its balance sheet, a newly secured $500 million convertible note facility, and a $1 billion shelf prospectus, Sol Strategies has emerged as one of the most compelling crypto treasury plays in the market. Even Wall Street heavyweight Cantor Fitzgerald has initiated coverage, calling Solana treasury companies the “next wave of digital finance.” The firm rated CYFRF Overweight, citing a potential 65% upside, and flagged it as one of the best crypto stocks to buy.  Sol Strategies Eyes US Market Entry With Nasdaq Listing, Are Solana Treasuries The Next Big Crypto Play? MicroStrategy’s success has opened the door for a new generation of crypto treasury companies.  However, in a recent research note to its institutional clients, investment banking firm Cantor Fitzgerald highlighted that Solana treasury companies could be a more profitable bet than their Bitcoin and Ethereum counterparts.  Cantor analysts cited Solana’s developer growth, higher network throughput and rapid adoption as the key reasons why SOL “makes sense” as a treasury asset over Ethereum.  ⚡️ NEW: Cantor Fitzgerald analysts say $SOL “makes sense” as a treasury asset over Ethereum despite ETH’s broader adoption, citing developer growth on $SOL has surpassed $ETH as one of the reasons. pic.twitter.com/ICISdVS7an — Cointelegraph (@Cointelegraph) June 17, 2025 Meanwhile, they highlight Solana’s staking as its biggest edge over Bitcoin, explaining that SOL treasury companies can organically grow the SOL/share ratio organically without accessing the capital markets.  In no uncertain terms, Cantor Fitzgerald…

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Filed under: News - @ June 20, 2025 11:20 am