Forward Industries, Inc. (NASDAQ: FWDI) announced that it acquired more than 500,000 SOL during its fiscal third quarter of 2026 at an average purchase price of approximately $79 per SOL, increasing its Solana treasury to 7.55 million SOL as of June 30, 2026. The company also said it sold 93,642 shares through its at-the-market offering during the quarter while achieving annualized SOL-per-share growth of 36%.
The company reported SOL per fully diluted share increased to 0.0729 as of June 30 from 0.0669 at the end of the prior quarter. This growth underscores Forward Industries’ commitment to its digital asset treasury strategy, which focuses on buying, holding, staking, trading, and investing in SOL and related digital assets to expand and strengthen the Solana ecosystem.
Forward said its recent inclusion in the Russell 2000 and Russell 3000 indexes enhances its ability to raise capital when its shares trade at a premium to net asset value, complementing its strategy of using fwdSOL as collateral to access liquidity while generating staking yield. The index inclusion provides the company with greater visibility among institutional investors and potentially improves its access to capital markets.
The company launched its digital asset treasury strategy in September 2025 through a private placement transaction supported by industry leading investors including Galaxy Digital and Jump Crypto. By leveraging its Solana holdings, Forward aims to increase shareholder value through strategic acquisition and staking of SOL, as well as engagement with Solana developers and projects.
As a Solana-focused digital asset treasury company, Forward Industries’ strategy involves using its SOL holdings as collateral to access liquidity without selling the underlying assets, while simultaneously generating staking yield. This approach allows the company to benefit from both price appreciation and staking rewards, potentially enhancing returns for shareholders.
The company’s continued accumulation of SOL reflects its confidence in the Solana network and its ecosystem. With 7.55 million SOL in treasury, Forward Industries positions itself as a significant holder of the digital asset, aligning its fortunes with the growth and adoption of the Solana blockchain.
Investors can access the full press release at https://ibn.fm/Hg8po. For more information on Forward Industries and its Solana treasury strategy, visit forwardindustries.com. The latest news and updates regarding FWDI are available in the company’s newsroom at https://ibn.fm/FWDI.
