Forward Industries Inc. (NASDAQ: FWDI) announced that it has expanded its Solana treasury by more than 500,000 SOL during fiscal Q3 2026, bringing its total holdings to 7.55 million SOL as of June 30. The company purchased the additional SOL at an average price of approximately $79 per SOL, a move that underscores its commitment to its digital asset treasury strategy.
In addition to the SOL acquisition, Forward Industries sold 93,642 shares through its at-the-market offering program. The company reports a 36% annualized SOL-per-share growth, which it says demonstrates its ability to raise capital in an accretive manner. This growth metric is a key indicator of the company's efficiency in increasing shareholder value through its treasury operations.
Following its inclusion in the Russell 2000 and Russell 3000 indexes, Forward Industries now has additional access to institutional capital. This inclusion is a significant milestone for the company, as it broadens its investor base and enhances its visibility among institutional investors. The company also highlighted its proprietary fwdSOL staking token, which provides another source of liquidity and further integrates its operations within the Solana ecosystem.
The expansion of the Solana treasury and the increased institutional access come at a time when digital asset treasury companies are gaining traction. Forward Industries' strategy focuses on buying, holding, staking, trading, and investing in SOL and 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.
In connection with a private placement transaction in September 2025, Forward Industries launched its digital asset treasury strategy with support from industry-leading investors and operating partners, including Galaxy Digital and Jump Crypto. This backing provides the company with additional credibility and resources as it pursues its growth objectives.
The company's recent activities reflect a broader trend of public companies adopting digital asset treasury strategies to diversify their holdings and generate returns. By increasing its SOL holdings and leveraging its access to institutional capital, Forward Industries is positioning itself as a significant player in the Solana ecosystem.
Investors and market observers will be watching to see how Forward Industries' treasury strategy evolves and whether it can maintain its growth trajectory. The company's ability to raise capital in an accretive manner and its inclusion in major indexes are positive signals, but the volatility of digital assets remains a consideration for potential investors.
For more information on Forward Industries' Solana treasury strategy, visit the company's website at Forward Industries. The latest news and updates regarding the company are available in its newsroom at Forward Industries Newsroom.
