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 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 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. As of June 30, SOL per fully diluted share increased to 0.0729 from 0.0669 at the end of the prior quarter, reflecting the company's disciplined approach to growing its digital asset holdings.
Forward Industries is a Solana-focused digital asset treasury company with a strategy to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols, and businesses. The company's mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to, and investing in the Solana network, Solana developers, and Solana-related projects. In September 2025, Forward launched its digital asset treasury strategy through a private placement transaction supported by 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.
