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. According to the company's announcement, holdings rose by 948,601 SOL, or 13%, reaching a total of 8,501,298 SOL, which represents approximately 1.4% of Solana's circulating supply. The SOL added during the quarter had an average cost of $83 per SOL, reflecting a strategic accumulation amid market conditions.
The company also reported that SOL per fully diluted share increased 10.4% quarter over quarter, from 0.0730 to 0.0806. Additionally, 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. These metrics underscore the company's focus on enhancing shareholder value through its digital asset treasury strategy.
Forward Industries, led by its mission to expand and strengthen the Solana ecosystem, acquires and stakes SOL while engaging with and investing in Solana-related projects. In September 2025, the company launched its digital asset treasury strategy in connection with a private placement transaction, backed by industry-leading investors and operating partners including Galaxy Digital and Jump Crypto. For more details on the company's Solana treasury strategy, interested parties can visit www.forwardindustries.com.
The latest news and updates relating to FWDI are available in the company's newsroom at https://ibn.fm/FWDI. This announcement comes as part of Forward Industries' broader efforts to increase visibility and provide timely information to investors.
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The increase in Forward Industries' SOL holdings highlights the growing trend of corporations adopting digital asset treasury strategies, particularly within the Solana ecosystem. This move could signal increased institutional confidence in Solana and potentially drive further adoption and investment in the network. As more companies explore similar strategies, the demand for SOL and related services may rise, impacting the broader digital asset market. For investors, this development underscores the importance of monitoring corporate treasury activities as a gauge of market sentiment and potential value accretion.
