Forward Industries Inc. (NASDAQ: FWDI) announced an expansion of its Solana treasury by over 500,000 Solana (SOL) during fiscal Q3 of 2026 at an average purchase price of around $79 per SOL. This brings Forward's SOL treasury up to 7.55 million SOL as of June 30, 2026, making it the largest SOL treasury company.
During fiscal Q3, Forward sold 93,642 shares of common stock as part of its At The Market offering while delivering an annualized SOL-per-share growth of 36%. The company continues to build and manage a large-scale Solana treasury, as detailed in the press release (https://nnw.fm/rOdBw).
This strategic accumulation of Solana underscores Forward Industries' commitment to digital assets and positions the company as a significant player in the cryptocurrency space. The move comes amid growing institutional interest in Solana, a blockchain platform known for its high throughput and low transaction costs. By holding over 7.5 million SOL, Forward Industries is leveraging its treasury to potentially benefit from the appreciation of the digital asset while also signaling confidence in the Solana ecosystem.
The expansion of the Solana treasury may have implications for the broader market, as it demonstrates a sustained corporate appetite for cryptocurrency investments. Forward's decision to increase its SOL holdings during a period of price volatility suggests a long-term bullish outlook on the asset. This could influence other companies to consider similar treasury diversification strategies.
For investors, the growth in SOL per share is a key metric, as it indicates that the company's digital asset holdings are increasing relative to its outstanding shares. The 36% annualized SOL-per-share growth highlights the effectiveness of Forward's treasury management strategy.
Forward Industries' latest news and updates are available in the company's newsroom at https://nnw.fm/FWDI.
