Forward Industries (NASDAQ: FWDI) has significantly bolstered its digital asset position, announcing the acquisition of more than 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 continued commitment to its digital asset treasury strategy.
The company also disclosed that it sold 93,642 shares through its at-the-market offering during the quarter, while achieving annualized SOL-per-share growth of 36%. Forward Industries’ recent 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.
According to the company, SOL per fully diluted share increased to 0.0729 as of June 30 from 0.0669 at the end of the prior quarter. This growth metric provides investors with a clear view of how the treasury expansion translates into shareholder value. For more details, view the full press release at https://ibn.fm/Hg8po.
Forward Industries, Inc. positions itself as 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 the Solana network, developers, and related projects. In connection with a private placement transaction in September 2025, the company launched its digital asset treasury strategy supported by industry-leading investors and operating partners including Galaxy Digital and Jump Crypto.
The implications of this announcement are multifaceted. First, it signals growing institutional confidence in Solana as a long-term store of value, given Forward Industries’ substantial accumulation. Second, the company’s ability to raise capital through index inclusion while leveraging its digital assets for liquidity demonstrates a sophisticated treasury management approach that could serve as a model for other firms. Third, the increasing SOL-per-share metric suggests that the strategy is accretive to shareholder value, potentially attracting more institutional investors. As the company continues to execute its plan, the broader market will watch for further accumulation and the impact on Solana’s network staking and ecosystem development.
