Solana-linked DATs surge as SOL rises about 9%
Solana-linked digital asset treasuries jumped intraday: Sol Strategies rose 22% to $1.20 and Forward Industries gained up to 12% as SOL climbed about 9% to $72.60.
Several Solana-linked digital asset treasury companies posted double-digit intraday gains on Friday. Sol Strategies (STKE) rose 22% to an intraday high of $1.20 and Forward Industries (FWDI) gained up to 12% as SOL climbed roughly 9% to $72.60.
Other Solana DATs with double-digit intraday gains included SkyAI (SKYA) at $1.07, DeFi Development Corp. (DFDV) at $2.73 and Solana Company (HSDT) above $1.65. FWDI peaked at $4.03 during the session.
Stocks tied to other blockchains moved higher as well. Bitmine Immersion Technologies (BMNR), an Ethereum-focused DAT, rose about 2.5%; Sharplink (SBET) gained about 4.7%; Hyperliquid Strategies (PURR) advanced over 8%; and Tron Inc. (TRON) climbed more than 5%. Bitcoin traded near $60,100 and ether near $1,500 while Solana led major tokens with about a 9.7% increase to $72.60.
The intraday moves coincided with the June 2026 Russell index reconstitution, effective after market close on Friday. BMNR and SBET were added to the Russell 3000. Forward was added to the Russell 2000 and the Russell 3000. Upexi (UPXI), another Solana DAT, was added to the Russell Microcap; UPXI rose about 8% on the day.
Forward’s CEO Ryan Navi commented, “Today’s inclusion in the Russell 2000 marks another important milestone for Forward, expanding our visibility across the institutional investment community, increasing eligibility for passive index ownership, and further strengthening the foundation for long-term shareholder value creation.”
Year-to-date performance varied. Forward is down about 41%, Bitmine is down about 49% and Sol Strategies is down about 26%. Hyperliquid Strategies is up about 143% year-to-date.
Market data show every Solana DAT is trading below a 1 mNAV, a metric that compares a company’s market value with the market value of its on‑balance-sheet crypto holdings. Trading below 1 mNAV indicates the market value is lower than the value of listed crypto assets. The largest Ethereum DATs are trading below 1 by the same measure.
Friday’s intraday price changes occurred alongside the Russell index reconstitution and Solana’s intraday price rise.
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