Solana Treasury Forward Industries Secures Russell 2000 Inclusion
Forward Industries, the biggest treasury holder of Solana (SOL), has introduced that it’s set to affix the Russell 2000 and 3000 indexes.
Forward Industries To Be Included In Russell 2000 From June twenty ninth
According to a press release, Forward Industries is becoming a member of the Russell 2000 and 3000 indexes. The publicly traded firm has traditionally centered on design and manufacturing, however final yr, it pivoted towards a digital-asset treasury (DAT) mannequin primarily based on Solana. With backing from main trade names like Galaxy Digital, Multicoin Capital, and Jump Crypto, Forward Industries rapidly grew to become the biggest company holder of SOL.
As of March 2026, the agency’s treasury held a complete of seven,013,536 tokens. Forward spent greater than $1.5 billion to assemble this stack, however on the present trade charge of the cryptocurrency, the reserves are solely value about $586.4 million, that means that it’s holding a major unrealized loss.
Following the most recent semi-annual reconstitution of Russell indexes, Forward has been included within the Russell 3000 index, which captures the three,000 largest shares within the United States as of April thirtieth. As a results of this inclusion, the corporate has gained an computerized membership within the Russell 2000, which corresponds to small-cap property.
Ryan Navi, the chief funding officer of the agency, famous:
Inclusion within the Russell 2000® and Russell 3000® marks an essential milestone for Forward and reinforces the rising institutional recognition of our technique, scale, and execution.
The present underwater standing of Forward’s Solana holdings is of course a results of the bearish shift that the digital asset sector has confronted since This fall 2025. Compared to when the agency started its SOL shopping for in September 2025, the asset’s spot worth is down greater than 65%. In response to the market drawdown, the DAT firm has considerably slowed down its Solana accumulation, though it hasn’t participated in any promoting.
Navi mentioned:
As we proceed executing our disciplined Solana treasury technique and compounding SOL-per-share, we consider Forward is well-positioned to determine itself as a number one institutional platform for digital asset publicity.
Forward Industries isn’t the one DAT agency that has been included within the Russell index with the most recent reconstitution. As introduced in a press release, Sharplink has additionally gained its inclusion within the Russell 2000 and 3000 indexes.
Sharplink is the second-largest Ethereum treasury firm on the planet, behind solely Tom Lee’s Bitmine. According to the ETH dashboard on the corporate’s web site, it holds a complete of 874,351 ETH ($1.81 billion) proper now. Like Forward, Sharplink can also be dealing with a major loss on its treasury reserves, being down greater than $1.2 billion.
Joseph Chalom, Sharplink chief govt officer, famous:
Joining the Russell 2000 and Russell 3000 is a significant validation of Sharplink’s institutional-grade ETH treasury technique and we consider will broaden SBET’s shareholder base whereas strengthening our entry to capital markets.
Solana Price
At the time of writing, Solana is buying and selling round $84, down 2% over the past 24 hours.
