Forward Industries, Inc. (NASDAQ: FWDI), a Solana treasury company, reported a significant increase in its SOL and SOL equivalent holdings during its fiscal fourth quarter ended September 30, 2026. The company added 948,601 SOL, a 13% increase, bringing its total holdings to 8,501,298 SOL, which represents approximately 1.4% of Solana's circulating supply. The SOL acquired during the quarter had an average cost of $83 per SOL. This aggressive accumulation highlights Forward's commitment to its digital asset treasury strategy and its confidence in the long-term potential of Solana.
The implications of this announcement are substantial for both Forward Industries and the broader Solana ecosystem. SOL per fully diluted share rose 10.4% quarter over quarter, from 0.0730 to 0.0806, indicating that the company's strategy is accretive to shareholders. Additionally, the preliminary, unaudited net asset value surged to approximately $870.4 million as of September 30, up from approximately $481.3 million as of June 30. This near doubling of net asset value in a single quarter underscores the effectiveness of Forward's treasury approach and could attract further investor interest.
Forward Industries positions itself as a Solana-focused digital asset treasury company with a mission to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols, and businesses. The company aims to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with Solana developers and projects to increase shareholder value. In September 2025, Forward launched its digital asset treasury strategy in connection with a private placement transaction, supported by industry-leading investors and operating partners including Galaxy Digital and Jump Crypto. For more information on the Company's Solana treasury strategy, visit www.forwardindustries.com.
The latest news and updates relating to FWDI are available in the company's newsroom at https://ibn.fm/FWDI. To view the full press release, visit https://ibn.fm/Gcttb.
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