Curated News
By: NewsRamp Editorial Staff
July 01, 2026
Forward Industries Acquires 500K+ SOL, Boosts Treasury to 7.55M SOL
TLDR
- Forward Industries acquired 500k SOL at $79, boosting its treasury to 7.55M SOL, positioning for capital gains.
- Forward buys and stakes SOL, uses fwdSOL as collateral for liquidity, and generates yield, increasing SOL per share by 36% annually.
- By strengthening the Solana ecosystem, Forward Industries supports decentralized finance and innovation for a better financial future.
- Forward Industries joined Russell 2000 and 3000 indexes, enhancing its ability to raise capital when shares trade at a premium.
Impact - Why it Matters
This news matters because it highlights a growing trend of publicly traded companies accumulating digital assets as part of their treasury strategy. For investors, Forward Industries' focus on Solana and its ability to generate staking yield while using SOL as collateral offers a unique way to gain exposure to the cryptocurrency without directly holding it. The company's inclusion in major indexes like the Russell 2000 and Russell 3000 also signals increased legitimacy and potential for broader institutional adoption, which could positively impact the Solana ecosystem and the broader crypto market. As more firms adopt similar strategies, the lines between traditional finance and digital assets continue to blur, creating new opportunities and risks for stakeholders.
Summary
Forward Industries (NASDAQ: FWDI), a Solana-focused digital asset treasury company, announced a major expansion of its Solana holdings during its fiscal third quarter of 2026. The company acquired over 500,000 SOL at an average price of approximately $79 per SOL, boosting its total treasury to 7.55 million SOL as of June 30, 2026. This strategic accumulation underscores Forward's commitment to its core mission: buying, holding, staking, and investing in SOL and related assets to enhance shareholder value. The company also reported selling 93,642 shares through its at-the-market offering during the quarter, while achieving an impressive 36% annualized SOL-per-share growth. This growth metric is critical as it demonstrates that the company is effectively increasing its digital asset exposure per share, even as it issues new shares.
Forward's inclusion in the Russell 2000 and Russell 3000 indexes has strengthened its ability to raise capital when its shares trade at a premium to net asset value. This complements its innovative strategy of using fwdSOL as collateral to access liquidity while generating staking yield. The company reported that SOL per fully diluted share increased to 0.0729 as of June 30, up from 0.0669 at the end of the prior quarter, reflecting steady accumulation and efficient capital management. With backing from industry heavyweights like Galaxy Digital and Jump Crypto, Forward is positioning itself as a key player in the Solana ecosystem, aiming to expand and strengthen the network through strategic investments and engagement with developers and projects.
For investors, the latest news and updates relating to FWDI are available in the company’s newsroom. This announcement comes as part of a broader trend of companies building substantial digital asset treasuries, with Forward uniquely focusing on Solana. By leveraging its treasury to generate yield through staking and using collateralized positions, Forward aims to create a sustainable model that benefits both the company and the Solana network. The full press release can be viewed at the provided link, offering more details on the company's strategy and financial metrics.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Forward Industries Acquires 500K+ SOL, Boosts Treasury to 7.55M SOL
