Curated News
By: NewsRamp Editorial Staff
August 10, 2026
Forward Industries Boosts Solana Treasury by 500K SOL, Hits 7.55M
TLDR
- Forward Industries boosts SOL treasury by 500k, enhancing shareholder value and capital raising edge.
- Forward Industries bought 500k SOL at ~$79 each, now holds 7.55M, and sold 93,642 shares via ATM.
- Forward Industries supports Solana ecosystem growth through staking and investments, potentially benefiting broader community.
- Forward Industries' fwdSOL staking token offers novel liquidity, and Russell index inclusion expands institutional access.
Impact - Why it Matters
This news matters because it signals a growing trend of publicly traded companies adopting cryptocurrency treasury strategies, potentially influencing other firms to consider digital assets as a reserve. Forward Industries' aggressive accumulation of Solana and its innovative use of staking tokens could set a precedent for how companies can generate yield on their crypto holdings, impacting the broader adoption of blockchain technology in corporate finance. For investors, this move may affect the company's stock performance and provide insights into the viability of crypto-focused business models, while for the Solana ecosystem, it bolsters network security and liquidity.
Summary
Forward Industries (NASDAQ: FWDI), a Solana-focused digital asset treasury company, has significantly expanded its Solana holdings, adding over 500,000 SOL during fiscal Q3 2026 at an average purchase price of approximately $79 per SOL. This brings the company's total SOL treasury to 7.55 million SOL as of June 30. Alongside this acquisition, Forward sold 93,642 shares through its at-the-market offering, demonstrating a strategy to raise capital in an accretive manner, as evidenced by a 36% annualized SOL-per-share growth. The company's inclusion in the Russell 2000 and Russell 3000 indexes has opened doors to additional institutional capital, while its proprietary fwdSOL staking token provides another liquidity source. To view the full article, visit https://ibn.fm/A9SbS.
Forward Industries is dedicated to buying, holding, staking, trading, and investing in SOL and related digital assets, with the mission to expand and strengthen the Solana ecosystem. The company launched its digital asset treasury strategy in September 2025 through a private placement, supported by industry leaders like Galaxy Digital and Jump Crypto. This strategy involves acquiring and staking SOL, engaging with Solana developers, and investing in Solana-related projects to increase shareholder value. For more information on the company's Solana treasury strategy, visit www.forwardindustries.com.
The news was distributed by InvestorWire, a specialized communications platform that provides wire-grade press release syndication for public and private companies. InvestorWire is part of the Dynamic Brand Portfolio @ IBN, which offers a vast network of wire solutions, editorial syndication to 5,000+ outlets, press release enhancement, and social media distribution. With a seasoned team of contributing journalists, InvestorWire helps companies reach a wide audience of investors and the general public. The latest news and updates relating to FWDI are available in the company's newsroom at https://ibn.fm/FWDI. InvestorWire is powered by IBN and can be reached at www.InvestorWire.com.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Forward Industries Boosts Solana Treasury by 500K SOL, Hits 7.55M
