Forward Industries (NASDAQ: FORD), which describes itself as the leading Solana treasury company, released an initial treasury update on Oct. 15, 2025, revealing it holds 6,871,599.06 SOL. Chairman Kyle Samani noted that the company has deployed more than $1.5 billion into Solana, established institutional-grade validator infrastructure, and is generating over 1,000 SOL in daily revenue from staking yields averaging 7.01%.
According to the announcement, since inception, 6,834,505.96 SOL have been purchased at an average cost of $232.08 per SOL, with nearly all holdings currently staked. The company's validator infrastructure reportedly exceeds the average yield of the top 10 validators by approximately 20 basis points.
Backed by 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 full press release is available at https://ibn.fm/TN7nY.
This move marks a significant corporate adoption of cryptocurrency treasury management, similar to strategies employed by companies like MicroStrategy with Bitcoin. By staking its SOL holdings, Forward Industries generates yield on its digital assets, potentially providing a new revenue stream for shareholders. The involvement of prominent crypto investors such as Galaxy Digital and Multicoin Capital underscores the credibility and scale of the strategy.
The announcement comes as Solana continues to gain traction as a blockchain platform for decentralized applications and financial services. Forward Industries' substantial holdings could influence Solana's network security and staking dynamics, given the company's validator operations. The 7.01% yield on staked SOL also highlights the potential for passive income through proof-of-stake mechanisms, which may attract other corporate treasuries to consider similar strategies.
Forward Industries, formerly known as a design company for medical and technology products, pivoted in September 2025 to initiate a Solana treasury strategy. The company aims to increase SOL-per-share through active management and bespoke strategies. The success of this strategy could set a precedent for other publicly traded companies exploring cryptocurrency treasury diversification.
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