Forward Industries (NASDAQ: FORD), a global design company that recently pivoted to a Solana treasury strategy, announced its first treasury update on Wednesday, revealing 6,871,599.06 SOL held as of October 15, 2025. The company, now positioning itself as a leading Solana treasury company, disclosed that it has deployed over $1.5 billion into the Solana ecosystem and established institutional-grade validator infrastructure.
Chairman Kyle Samani highlighted that the company is generating more than 1,000 SOL in daily revenue from staking yields, which average 7.01%. Since the inception of its Solana treasury strategy, Forward Industries has purchased 6,834,505.96 SOL at an average cost of $232.08 per SOL, with nearly all holdings currently staked. The company's validator infrastructure exceeds the average yield of the top 10 validators by approximately 20 basis points.
Backed by prominent crypto investors such as Galaxy Digital, Jump Crypto, and Multicoin Capital, Forward Industries continues to execute its Solana treasury strategy aimed at building long-term shareholder value while supporting the growth of the Solana ecosystem. The company initiated this strategy in September 2025, dedicating itself to acquiring SOL and increasing SOL-per-share through bespoke strategies and active treasury management.
For more details, the full press release is available at https://ibn.fm/TN7nY.
