SOL Strategies Inc., trading under the symbol CYFRF on the OTC exchange, is set to undergo a reverse stock split on August 5, 2025. This move will consolidate every eight existing shares into one new share. The company, formerly known as Cypherpunk Holdings Inc., focuses on investing in and providing infrastructure for the Solana blockchain ecosystem.
The reverse stock split is a strategic step for SOL Strategies as it aims to list on a U.S. exchange, specifically the NASDAQ. By consolidating shares, the company seeks to attract institutional investors and enhance its market presence. The consolidation will not significantly alter shareholders' percentage ownership or voting power, except for minor adjustments due to fractional shares.
Currently, CYFRF trades at $0.89, showing a 1.76% increase with a $0.01 change. The stock's price has fluctuated between $0.80 and $0.92 today. Over the past year, it has seen a high of $4.29 and a low of $0.08. The company's market capitalization is approximately $148.68 million, with a trading volume of 197,713 shares. Following the reverse stock split, the consolidated shares will begin trading on the Canadian Securities Exchange (CSE) on the effective date. This move aligns with SOL Strategies' goal to position itself for institutional adoption and a future NASDAQ listing. The company's focus on the Solana blockchain ecosystem positions it well for growth in the rapidly evolving blockchain industry.
