SOL Rises 9%, Driving a Broad Rally in Solana Treasury Stocks; Multiple DATs Up Over 10% Intraday
Odaily Odaily reports that as the SOL price rose about 9% on Friday, shares of several Solana Digital Asset Treasury (DAT) companies surged in tandem. Sol Strategies (STKE) soared up to 22% intraday, hitting $1.20, leading the gains among other crypto treasury stocks.
Other Solana DATs also recorded significant gains. Forward Industries (FWDI) rose as much as 12% intraday to $4.03, SkyAI (SKYA) gained 11% to $1.07, DeFi Development Corp. (DFDV) rose 10% to $2.73, and Solana Company (HSDT) also climbed over 10%, reaching an intraday high of $1.65.
This rally was also fueled by expectations of index inclusion. Several digital asset treasury companies, including the largest Solana treasury firm Forward, are set to be added to the Russell indices after Friday's close. Two major Ethereum treasury companies, Bitmine (BMNR) and SharpLink (SBET), will also be included in the relevant Russell indices, while the smaller Solana treasury firm Upexi (UPXI) will be added to the Russell Microcap index.
