Solana DAT stocks climb double digits as SOL jumps 9%

Several Solana digital asset treasuries (DATs) saw double-digit intraday jumps on Friday, with Sol Strategies (STKE) climbing 22% to a high of $1.20, according to Yahoo Finance data. 

Other rival SOL DATs have also seen notable increases. Forward Industries (FWDI) was up as much as 12% to $4.03, SkyAI (SKYA) 11% to $1.07, and DeFi Development Corp. (DFDV) 10% to $2.73. Solana Company (HSDT) was also up over 10% to a high of $1.65.

DATs tied to other crypto ecosystems are also faring well. Bitmine Immersion Technologies, Inc. (BMNR), the largest Ethereum DAT, is up 2.5%, while the Consensys-backed Sharplink (SBET) is up 4.71%, according to The Block equities data.

Hyperliquid Strategies Inc. (PURR) is up over 8% and Tron Inc. (TRON) over 5%.

This is as crypto tokens trade fairly flat, with BTC hugging $60,100 and ETH near $1,500. Solana is leading the majors, with a 9.7% increase to $72.60, according to The Block’s price page.

Year-to-date, most of these stocks are down significantly. FWDI is down 41%, BMNR is down 49%, and STKE is down 26%, as of Friday. PURR, bucking the trend, is up 143% year-to-date, according to Yahoo Finance. 

Russell indexes listings

Notably, several DATs were added to Russell indexes in the June 2026 reconstitution, which will become effective after market close on Friday. The two largest ETH DATs, BMNR and SBET, were both added to the Russell 3000, an index that tracks the performance of the 3,000 largest publicly traded companies in the U.S.

Forward was added to both the Russell 2000 and Russell 3000, while Upexi (UPXI), another Solana DAT, was added to the Russell Microcap, which sits below the Russell 2000. UPXI is up about 8% on Friday.

"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," Forward’s Ryan Navi told The Block. 

Of note, Forward, the largest SOL DAT, has offered non-binding bids to acquire several of its smaller competitors, all of which have either rejected or ignored the offers.

According to The Block's data, every SOL DAT is trading below a 1 mNAV, the metric used to measure the corporate value against the value of its holdings. Bitmine and Sharplink are not faring any better.