Forward Industries, Inc. (NASDAQ: FWDI), a Solana treasury company, reported a significant increase in its SOL and SOL equivalent holdings during its fiscal fourth quarter ended Sept. 30, 2026. The company added 948,601 SOL, representing a 13% quarter-over-quarter growth, to reach a total of 8,501,298 SOL. This amount equals approximately 1.4% of Solana's circulating supply, underscoring Forward's substantial position within the digital asset space. The SOL acquired during the quarter had an average cost of $83 per SOL, indicating a strategic accumulation phase amid market conditions.
The implications of this announcement extend beyond mere portfolio expansion. The increase in SOL per fully diluted share, which rose 10.4% to 0.0806 from 0.0730, suggests that the company is effectively translating its digital asset strategy into tangible per-share value for investors. Moreover, the preliminary, unaudited net asset value surged to approximately $870.4 million as of Sept. 30, up from approximately $481.3 million as of June 30. This near-doubling of net asset value in a single quarter highlights the potential of Forward's treasury model to generate substantial returns, which could attract further institutional interest in Solana-focused investment vehicles.
Forward Industries' mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL, as well as engaging with and investing in Solana-related projects. The company's digital asset treasury strategy, launched in September 2025 with support from industry-leading investors such as Galaxy Digital and Jump Crypto, positions it as a key player in the growing intersection of traditional finance and blockchain technology. For more details on the company's Solana treasury strategy, visit www.forwardindustries.com.
The announcement is particularly important because it demonstrates the viability of corporate treasuries dedicated to alternative digital assets like Solana. As more companies explore cryptocurrency holdings, Forward's success could serve as a blueprint, potentially driving broader adoption and liquidity in the Solana network. Additionally, the company's ability to increase SOL per share while growing its asset base indicates effective capital management, which may enhance shareholder confidence and attract new investors seeking exposure to the Solana ecosystem.
To view the full press release, visit https://ibn.fm/Gcttb. The latest news and updates relating to FWDI are available in the company's newsroom at https://ibn.fm/FWDI. MissionIR, a specialized communications platform, assists IR firms with syndicated content to enhance visibility of public companies. It is part of the Dynamic Brand Portfolio @ IBN, which offers access to a vast network of wire solutions via InvestorWire, article and editorial syndication to 5,000+ outlets, enhanced press release enhancement, and social media distribution.
