SOL Surges 9% Fueling Solana Treasury Stocks; Multiple Companies Hit Double-Digit Gains Fueled by Russell Index Inclusion
Solana's native token SOL rallied approximately 9% on Friday, triggering a synchronized surge in shares of publicly traded companies holding significant SOL treasuries. Sol Strategies led with a 22% intraday spike to $1.20, while Forward Industries, SkyAI, DeFi Development Corp., and Solana Company each rose 10–12%. The rally was further amplified by the pending inclusion of multiple crypto treasury firms in the Russell indexes after Friday's close. Forward Industries, the largest Solana treasury company, will enter the Russell 3000; Ethereum-related firms Bitmine and SharpLink will also join related indexes; smaller player Upexi will enter the Russell Microcap. Passive capital inflows from index-tracking funds are expected to provide additional support.


