Forward Industries Inc. (NASDAQ: FWDI) has significantly expanded its Solana treasury, adding more than 500,000 SOL during fiscal Q3 2026 at an average purchase price of approximately $79 per SOL. As of June 30, the company's total holdings reached 7.55 million SOL, reflecting a strategic commitment to deepening its involvement in the Solana ecosystem. This acquisition coincided with the sale of 93,642 shares through its at-the-market offering, while reporting a 36% annualized SOL-per-share growth, which the company says demonstrates its ability to raise capital in an accretive manner.
The expansion comes on the heels of Forward Industries' inclusion in the Russell 2000 and Russell 3000 indexes, providing the company with enhanced access to institutional capital. According to the company, this index membership broadens its investor base and facilitates greater liquidity. Additionally, Forward's proprietary fwdSOL staking token offers another source of liquidity, allowing the company to generate yield on its SOL holdings while maintaining flexibility.
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, developers, and related projects to increase shareholder value. In connection with a private placement transaction in September 2025, Forward launched its digital asset treasury strategy, supported by industry-leading investors and operating partners including Galaxy Digital and Jump Crypto.
The recent moves underscore Forward's commitment to leveraging its treasury to drive shareholder value. By increasing its SOL holdings at a favorable price and utilizing its staking token, the company aims to generate sustainable returns while contributing to the growth of the Solana network. The 36% annualized SOL-per-share growth highlights the effectiveness of its capital deployment strategy, which the company believes is accretive to shareholders.
Institutional interest in Solana continues to grow, and Forward's expanded holdings position it to benefit from the network's development. The company's inclusion in major indexes and its innovative staking mechanism provide a solid foundation for future capital raises and strategic initiatives. As the Solana ecosystem evolves, Forward Industries remains focused on maximizing value through active treasury management and ecosystem participation.
For more information on Forward Industries' Solana treasury strategy, visit www.forwardindustries.com. The latest news and updates relating to FWDI are available in the company's newsroom at https://ibn.fm/FWDI.
