Forward Industries, Inc. (NASDAQ: FWDI), a company focused on building a Solana digital asset treasury, announced it is set to join the Russell 2000 and Russell 3000 indexes. The inclusion will take effect after the U.S. market opens on June 29, 2026, following the Russell indexes' semi-annual reconstitution. This milestone is expected to broaden the company's shareholder base, enhance trading liquidity, and increase visibility among institutional investors.
The company stated that being added to these widely followed indexes often leads to increased demand from index funds and ETFs that track the Russell benchmarks. This could result in a more diverse and stable investor base. Forward Industries emphasized that the move aligns with its strategy to grow its presence in the digital asset space, particularly within the Solana ecosystem. The company's mission involves buying, holding, staking, trading, and investing in SOL and related digital assets, protocols, and businesses.
Forward Industries launched its digital asset treasury strategy in September 2025 through a private placement transaction supported by industry-leading investors and operating partners, including Galaxy Digital and Jump Crypto. The company aims to strengthen the Solana network by acquiring and staking SOL and engaging with Solana developers and projects, with the ultimate goal of increasing shareholder value.
The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity market, while the Russell 3000 Index represents the entire U.S. stock market. Inclusion in these indexes is based on market capitalization rankings and other criteria. For Forward Industries, this reconstitution marks a significant step in its growth trajectory as it continues to execute its digital asset strategy.
Investors and stakeholders can find more information about Forward Industries' Solana treasury strategy on its website at forwardindustries.com. The latest news and updates regarding FWDI are available in the company's newsroom at https://ibn.fm/FWDI.
