Solana DAT Stocks Rally as SOL Price Jumps 9%
Several Solana DAT stocks recorded strong gains on Friday after Solana (SOL) climbed nearly 9.7%. The rally pushed investor interest back into digital asset treasury companies linked to the Solana ecosystem.
Sol Strategies Leads the Market Surge
Among the biggest gainers was Sol Strategies (STKE). The stock jumped 22% during intraday trading and reached a high of $1.20. This made it one of the best-performing crypto treasury stocks of the day.
Other Solana treasury firms also saw notable growth. Forward Industries (FWDI) rose 12% to $4.03. SkyAI (SKYA) gained 11% and touched $1.07. DeFi Development Corp. (DFDV) climbed 10% to $2.73.
At the same time, Solana Company (HSDT) also moved higher. Its stock increased over 10% and reached $1.65.
Solana Outperforms Major Cryptocurrencies
While most crypto assets remained stable, Solana showed strong momentum. Bitcoin (BTC) stayed near $60,100, while Ethereum (ETH) traded close to $1,500.
SOL outperformed both major assets. Its price climbed to $72.60, making it one of the top-performing cryptocurrencies on the day.
Crypto Treasury Stocks See Broader Gains
The positive trend was not limited to Solana. Treasury stocks linked to Ethereum and other blockchain networks also posted gains.
Bitmine Immersion Technologies (BMNR), the largest Ethereum digital asset treasury, gained 2.5%. Sharplink (SBET), backed by Consensys, rose 4.7%.
Hyperliquid Strategies (PURR) climbed over 8%, while Tron Inc. (TRON) gained more than 5%.
Russell Index Inclusion Boosts Confidence
A major reason behind the rally is the June 2026 Russell index reconstitution. Several digital asset treasury companies were added to key Russell indexes.
Bitmine (BMNR) and Sharplink (SBET) joined the Russell 3000. This index tracks the 3,000 largest public companies in the United States.
Forward Industries (FWDI) secured a spot in both the Russell 2000 and Russell 3000. Meanwhile, Upexi (UPXI), another Solana treasury company, was added to the Russell Microcap Index.
This inclusion improves market visibility and increases institutional investment opportunities.
Year-to-Date Performance Remains Weak
Despite the recent rally, many Solana DAT stocks are still down this year.
Forward Industries has dropped 41% year-to-date. Bitmine is down 49%, while Sol Strategies has fallen 26%.
However, Hyperliquid Strategies remains an exception. The stock has gained 143% so far in 2026.
Forward Industries Eyes Expansion
Forward Industries, currently the largest Solana digital asset treasury, has made non-binding offers to acquire smaller competitors.
So far, these offers have either been rejected or ignored. This shows growing competition in the Solana treasury market.
Solana DAT Stocks Still Trade Below mNAV
According to market data, every Solana DAT stock is trading below a 1 mNAV. This metric compares a company’s market value with the value of its crypto holdings.
Ethereum treasury stocks like Bitmine and Sharplink are facing similar challenges. This suggests the sector still has room for recovery.
Final Thoughts
The rise in Solana DAT stocks highlights growing investor confidence as SOL gains momentum. Russell index inclusion has also added fresh optimism.
If Solana continues its upward trend, treasury stocks linked to the network may see further growth in the coming weeks.
