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FAQ: Forward Industries Increases Solana Treasury to 7.55 Million SOL
Forward Industries (NASDAQ: FWDI) expanded its Solana treasury to 7.55 million SOL by acquiring over 500,000 SOL in fiscal Q3 2026, and reported annualized SOL-per-share growth of 36%. The company leverages its SOL holdings for staking yield and liquidity, with recent index inclusions enhancing capital-raising ability.
Forward Industries announced that it acquired over 500,000 SOL during its fiscal third quarter of 2026 at an average price of ~$79 per SOL, increasing its Solana treasury to 7.55 million SOL as of June 30, 2026.
The company sold 93,642 shares through its at-the-market offering during the quarter to help fund the acquisitions.
Inclusion in these indexes enhances Forward's 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.
Forward Industries is a Solana-focused digital asset treasury company that buys, holds, stakes, trades, invests in, and grows SOL and SOL-related digital assets, protocols, and businesses.
SOL per fully diluted share increased to 0.0729 as of June 30, 2026, from 0.0669 at the end of the prior quarter, representing annualized SOL-per-share growth of 36%.
Galaxy Digital and Jump Crypto are among the industry-leading investors and operating partners that supported the launch of Forward's digital asset treasury strategy in September 2025.
The full press release is available at https://ibn.fm/Hg8po. More information on the company's Solana treasury strategy can be found at forwardindustries.com.