Forward Industries Inc. (NASDAQ: FWDI) has significantly expanded its Solana treasury, adding more than 500,000 SOL during fiscal Q3 2026 at an average price of approximately $79 per SOL. This brings the company's total holdings to 7.55 million SOL as of June 30, underscoring its aggressive accumulation strategy in the digital asset space.
The company also sold 93,642 shares through its at-the-market offering, a move that it says demonstrates its ability to raise capital in an accretive manner. Forward reported 36% annualized SOL-per-share growth, a metric that reflects the company's focus on enhancing shareholder value through its treasury operations.
Following its inclusion in the Russell 2000 and Russell 3000 indexes, Forward Industries now has additional access to institutional capital. This index inclusion is a significant milestone, as it opens the door to investment from index funds and institutional investors who track these benchmarks. The company's proprietary fwdSOL staking token provides another source of liquidity, further strengthening its financial position.
Forward Industries is 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 by engaging with, providing tools to, and investing in the Solana network, developers, and related projects. This approach is designed to increase shareholder value over the long term.
In connection with a private placement transaction in September 2025, Forward launched its digital asset treasury strategy with support from industry-leading investors and operating partners, including Galaxy Digital and Jump Crypto. This backing provides credibility and strategic guidance as the company navigates the volatile cryptocurrency market.
The expansion of Forward's Solana holdings comes at a time when institutional interest in digital assets is growing. By increasing its stake in Solana, Forward is positioning itself to benefit from the potential appreciation of the asset, as well as from staking rewards. The company's focus on SOL-specific investments differentiates it from other treasury companies that may diversify across multiple cryptocurrencies.
Investors monitoring Forward Industries will note the company's proactive approach to capital management. The at-the-market offering, combined with the SOL purchases, indicates a deliberate strategy to leverage equity markets to fund digital asset acquisitions. The company's reported SOL-per-share growth of 36% annualized suggests that this approach is yielding positive results for shareholders.
For more information on Forward Industries' Solana treasury strategy, visit www.forwardindustries.com. The latest news and updates relating to FWDI are available in the company's newsroom at https://ibn.fm/FWDI.
