Forward Industries (NASDAQ: FWDI) has significantly bolstered its digital asset position, announcing the acquisition of over 500,000 SOL during its fiscal third quarter of 2026 at an average purchase price of approximately $79 per SOL. This move increased the company’s Solana treasury to 7.55 million SOL as of June 30, 2026, underscoring a focused strategy to integrate cryptocurrency into its corporate treasury operations.
The company also disclosed that it sold 93,642 shares through its at-the-market offering during the quarter, while achieving an annualized SOL-per-share growth of 36%. According to the press release, SOL per fully diluted share rose to 0.0729 as of June 30, up from 0.0669 at the end of the previous quarter. These metrics highlight the company’s ability to generate shareholder value through its digital asset strategy.
Forward Industries attributed its enhanced capital-raising capabilities to its recent inclusion in the Russell 2000 and Russell 3000 indexes. This indexing allows the company to issue shares at a premium to net asset value when market conditions are favorable, complementing its strategy of using fwdSOL as collateral to access liquidity while generating staking yield. The approach reflects a growing trend among publicly traded companies to leverage digital assets for financial flexibility.
The announcement comes as part of Forward Industries’ broader mission to expand and strengthen the Solana ecosystem. The company positions itself as a Solana-focused digital asset treasury firm, with a strategy to buy, hold, stake, trade, invest in, and grow SOL and related digital assets, protocols, and businesses. In connection with a private placement transaction in September 2025, the company launched its digital asset treasury strategy with backing from industry-leading investors and operating partners, including Galaxy Digital and Jump Crypto.
This development is significant as it demonstrates increasing institutional confidence in Solana’s blockchain and its potential as a store of value. Forward Industries’ aggressive accumulation of SOL, combined with its staking and liquidity strategies, could set a precedent for other companies considering digital asset treasury management. The company’s ability to generate yield through staking while using its holdings as collateral for liquidity offers a novel approach to corporate finance in the digital age.
For more information on Forward Industries’ Solana treasury strategy, visit their website at forwardindustries.com. The full press release is available at https://ibn.fm/Hg8po.
