Solana news: Solana DAT Stocks Surge as SOL Leads Crypto Gains
Solana DAT Stocks Outperform Peers
On Friday, several Solana digital asset treasuries (DATs) experienced significant intraday gains, coinciding with a 9.7% rise in the price of SOL to $72.60. Sol Strategies (STKE) led the sector, climbing 22% to $1.20, while Forward Industries (FWDI) rose 12% to $4.03. SkyAI (SKYA) and DeFi Development Corp. (DFDV) also posted double-digit increases. Solana Company (HSDT) was up over 10% to $1.65.
Broader Crypto and Equity Market Context
While Solana-linked DATs outperformed, other crypto DATs such as Bitmine Immersion Technologies (BMNR), the largest Ethereum DAT, gained 2.5%, and Sharplink (SBET) rose 4.71%. Major cryptocurrencies traded flat, with Bitcoin near $60,100 and Ethereum at $1,500. Despite Friday's rally, most DAT stocks remain down year-to-date, with FWDI down 41% and STKE down 26%.
Russell Index Inclusions and Institutional Visibility
Several DATs were added to Russell indexes during the June 2026 reconstitution, effective after Friday's market close. The two largest Ethereum DATs, BMNR and SBET, joined the Russell 3000, while Forward Industries was added to both the Russell 2000 and 3000. Upexi (UPXI), another Solana DAT, was included in the Russell Microcap index and rose 8% on the day. These inclusions may increase institutional visibility and passive index ownership for Solana-linked equities.
Why This Matters for the UK Solana Ecosystem
The addition of Solana DATs to major US indexes may attract greater institutional attention, including from UK-based investors and asset managers. As the UK explores digital asset regulation and institutional adoption, tracking the performance and visibility of Solana-linked equities provides insight into broader market trends and opportunities for UK market participants.
