Forward Industries, Inc. (NASDAQ: FWDI) announced that it has significantly expanded its Solana treasury, acquiring more than 500,000 SOL during its fiscal third quarter of 2026 at an average purchase price of approximately $79 per SOL. This acquisition increased the company's total Solana holdings to 7.55 million SOL as of June 30, 2026. The company also reported 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%.
The company's 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. This complements Forward's strategy of using fwdSOL as collateral to access liquidity while generating staking yield. As a result, SOL per fully diluted share increased to 0.0729 as of June 30, up from 0.0669 at the end of the prior quarter.
Forward Industries focuses on being 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 to increase shareholder value. In connection with a private placement transaction in September 2025, Forward launched its digital asset treasury strategy supported by leading investors and operating partners including Galaxy Digital and Jump Crypto.
For more information on the company's Solana treasury strategy, visit forwardindustries.com. The latest news and updates relating to FWDI are available in the company's newsroom at https://ibn.fm/FWDI.
