SOL rises 9%, driving a broad rally in Solana treasury stocks, with multiple DATs surging over 10% intraday
Odaily Planet Daily News: As the price of SOL rose approximately 9% on Friday, several Solana digital asset treasury companies (DATs) saw their stock prices surge in tandem. Sol Strategies (STKE) rose as much as 22% intraday to hit $1.20, leading the gains among other crypto treasury stocks.
Other Solana DATs also recorded notable increases. Forward Industries (FWDI) rallied as much as 12% intraday to $4.03, SkyAI (SKYA) rose 11% to $1.07, DeFi Development Corp. (DFDV) gained 10% to $2.73, and Solana Company (HSDT) also climbed over 10%, reaching a high of $1.65.
This round of gains was also driven by expectations of index inclusion. Several digital asset treasury companies, including Forward — the largest Solana treasury firm — are set to be added to the Russell indexes after the close on Friday. Two major Ethereum treasury companies, Bitmine (BMNR) and SharpLink (SBET), will also be included in related Russell indexes. The smaller Solana treasury company Upexi (UPXI) will be added to the Russell Microcap index.
