Forward Industries Inc. (NASDAQ: FWDI) announced that it now holds over 7.5 million Solana (SOL) after expanding its Solana treasury by more than 500,000 SOL during fiscal Q3 of 2026. The company acquired the additional SOL at an average purchase price of approximately $79 per SOL, bringing its total holdings to 7.55 million SOL as of June 30, 2026. This positions Forward Industries as the largest SOL treasury company.
During fiscal Q3, as part of its At The Market offering, Forward sold 93,642 shares of common stock. The company also delivered an annualized SOL-per-share growth of 36%, highlighting its commitment to building shareholder value through strategic cryptocurrency investments. The expansion of the SOL treasury underscores Forward's confidence in the long-term potential of Solana and its blockchain ecosystem.
Forward Industries continues to manage its large-scale Solana treasury as part of its broader corporate strategy. The company's significant holdings in SOL reflect its belief in digital assets as a store of value and its proactive approach to leveraging cryptocurrency for growth. For more information on Forward Industries and its recent developments, visit the company's newsroom here.
The latest announcement comes as Forward Industries positions itself at the forefront of corporate cryptocurrency adoption. By accumulating a substantial SOL treasury, the company aims to diversify its asset base and potentially generate returns for shareholders. The average purchase price of $79 per SOL indicates a strategic entry point, with SOL's price fluctuating in the broader crypto market.
Investors and market observers are likely to monitor Forward's treasury moves closely, as the company's large SOL position could have significant implications for its financial performance and stock valuation. The annualized SOL-per-share growth of 36% suggests that the company is effectively increasing its digital asset holdings relative to its equity base.
For further details on Forward Industries and its treasury strategy, please refer to the full press release here.
