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's 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. Forward 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 expansion of the Solana treasury underscores Forward Industries' commitment to its digital asset strategy, which focuses on buying, holding, staking, trading, investing in, and growing SOL and SOL-related assets. The company launched its digital asset treasury strategy in September 2025 with support from industry leading investors and operating partners including Galaxy Digital and Jump Crypto. For more information on the Company's Solana treasury strategy, visit forwardindustries.com.
The announcement highlights the growing trend of publicly traded companies adopting cryptocurrency treasury strategies. By increasing its Solana holdings, Forward Industries positions itself to benefit from the appreciation and staking yields of SOL, while also providing liquidity through collateralization. The company's ability to raise capital via at-the-market offerings and its inclusion in major indexes further strengthens its financial flexibility.
Investors and market observers will be watching to see how Forward's strategy impacts its financial performance and shareholder value. The company's focus on Solana, a leading blockchain platform known for its speed and low transaction costs, aligns with broader institutional interest in digital assets. For the latest news and updates relating to FWDI, visit the company's newsroom at https://ibn.fm/FWDI.
