On the same day that MicroStrategy enters the Nasdaq 100, Sol Strategies (HODL.CN) is joining the Canadian Securities Exchange CSE 25 Index of its top 25 companies by market capitalization.
The Sol Strategies news was announced by the CSE on Friday and the addition was effective as of the close of trading.
Four more companies join HODL as part of the quarterly index rebalancing. Four companies have been deleted.
The rebalancing means funds that track the index will need to buy HODL to replicate exposure to the index’s constituents.
Here are the new additions to the CSE 25 Index:
Sol Strategies stock is up 2,195% and there’s likely more to come
Sol Strategies has a market capitalization of $385 million. Although its primary listing is on the CSE, it is also listed OTC in the US with the ticker CYFRF.PNK.
At the close on Friday HODL was priced at $2.64, up 26.4% on the day following the announcement of yet another clutch of Solana validator acquisitions.
Sol Strategies acquires SOL tokens, of which $400m worth are staked on the network at 9% APY, proving shareholders with an earnings stream in addition to the capital appreciation. The company is also actively investing in the ecosystem.
Year to date Sol Strategies stock is up 2,195%. But with Solana on-chain growth exploding making it one of the busiest blockchains in the industry, there is likely to be much more upside to come.
Interest in the stock is rising, as the addition to the CSE 25 shows. In another sign of growing traction, the resumé of the chairman Antanas Guoga (aka TonyG) was posted on TikTok and has received 1.4 million views.
TonyG could soon be as popular as Michael Saylor, who has attracted a cult following among MSTR stock followers.
Earlier this month Sol Strategies applied for its own Nasdaq listing.
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