SOL Strategies, the first dedicated Solana treasury company to trade on a major US exchange, saw its shares jump roughly 22% on Friday. The catalyst was straightforward: SOL itself climbed 9%, and every company treating the token as a balance sheet asset got dragged upward with it.
The broader group of Solana DAT (Digital Asset Treasury) stocks posted double-digit gains across the board.
The MicroStrategy playbook, Solana edition
SOL Strategies (Nasdaq: STKE / CSE: HODL) is the most prominent name in this niche. The firm holds over 435,000 SOL and operates a major validator network, meaning it doesn’t just sit on the tokens. It stakes them and earns yield.
The company launched its Nasdaq trading in September 2025 after completing a 1-for-8 share consolidation, while keeping its Canadian Securities Exchange listing under the ticker HODL.
