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
In response to a press launch, 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 12 months, it pivoted towards a digital-asset treasury (DAT) mannequin primarily based on Solana. With backing from main business names like Galaxy Digital, Multicoin Capital, and Soar Crypto, Forward Industries shortly 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 price of the cryptocurrency, the reserves are solely price about $586.4 million, which means that it’s holding a big unrealized loss.
The 5 largest company holders of SOL on the planet | Supply: CoinGecko
Following the newest semi-annual reconstitution of Russell indexes, Forward has been included within the Russell 3000 index, which captures the three,000 largest shares in the USA as of April thirtieth. On account of this inclusion, the corporate has gained an automated membership within the Russell 2000, which corresponds to small-cap belongings.
Ryan Navi, the chief funding officer of the agency, famous:
Inclusion within the Russell 2000® and Russell 3000® marks an necessary 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. In comparison with 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 stated:
As we proceed executing our disciplined Solana treasury technique and compounding SOL-per-share, we consider Forward is well-positioned to ascertain 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 newest reconstitution. As introduced in a press launch, Sharplink has additionally received 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. In response 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 be dealing with a big loss on its treasury reserves, being down greater than $1.2 billion.
Joseph Chalom, Sharplink chief government officer, famous:
Becoming a member of 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 Worth
On the time of writing, Solana is buying and selling round $84, down 2% over the past 24 hours.
Seems to be like the value of the coin has been caught in consolidation in current days | Supply: SOLUSDT on TradingView
Featured picture from Dall-E, chart from TradingView.com
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