Curated News
By: NewsRamp Editorial Staff
March 19, 2026
Forward Industries Repurchases $27.4M in Shares, Boosts SOL-Per-Share
TLDR
- Forward Industries' share repurchase and cost reduction plan increase SOL-per-share to 0.0662, enhancing shareholder value through strategic treasury management.
- The company repurchased 6.16 million shares via a $40 million Galaxy Digital loan secured by assets, while maintaining staking rewards and cutting SG&A expenses by 45%.
- By strengthening the Solana ecosystem through strategic investments and staking, Forward Industries supports network growth and developer innovation for a more robust digital future.
- Forward Industries uses a digital currency loan to buy back shares while still earning staking rewards, creatively balancing treasury management with asset growth.
Impact - Why it Matters
This development matters because it represents a sophisticated financial strategy in the emerging digital asset treasury space, where traditional corporate finance meets cryptocurrency innovation. Forward Industries' approach of using a digital currency loan secured by treasury assets while maintaining staking rewards demonstrates how companies can leverage blockchain technology for capital efficiency. The significant cost reduction plan (45% SG&A reduction) combined with strategic share repurchases signals a mature approach to cryptocurrency investment that prioritizes shareholder value creation rather than speculative trading. For investors, this shows how established financial principles can be applied to digital assets, potentially reducing volatility risks while maintaining exposure to Solana's growth. The involvement of major players like Galaxy Digital and Jump Crypto validates this model and suggests institutional confidence in structured cryptocurrency investment strategies. As more companies explore digital asset treasuries, Forward Industries' approach could become a blueprint for balancing growth, efficiency, and shareholder returns in the crypto economy.
Summary
Forward Industries (NASDAQ: FWDI), the leading Solana treasury company, has announced a significant strategic move to enhance shareholder value through a major share repurchase program. The company entered into a privately negotiated agreement to repurchase 6,164,324 shares for $27.4 million, which will reduce shares outstanding and increase SOL-per-share to 0.0662 following the transaction. This financial maneuver is being financed through a $40 million digital currency loan agreement with Galaxy Digital, secured by treasury assets while allowing the company to continue earning staking rewards. The transaction represents a bold step in Forward Industries' strategy to strengthen its position as a Solana focused digital asset treasury company, with a mission to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with Solana developers and projects.
Alongside this financial restructuring, Forward Industries has implemented a broader cost reduction plan expected to lower SG&A expenses by approximately 45% by fiscal Q3 as part of efforts to improve operating efficiency. The company's strategy involves buying, holding, staking, trading, investing in, and growing SOL and SOL related digital assets, protocols and businesses. This comprehensive approach to treasury management is supported by industry leading investors and operating partners including Galaxy Digital and Jump Crypto, who backed the company's digital asset treasury strategy launched in September 2025. For more information on the Company's Solana treasury strategy, investors can visit forwardindustries.com.
The news was distributed through CryptoCurrencyWire, a specialized communications platform within the Dynamic Brand Portfolio at IBN that focuses on blockchain and cryptocurrency sector coverage. CryptoCurrencyWire provides comprehensive distribution services including access to wire solutions via InvestorWire, article and editorial syndication to 5,000+ outlets, enhanced press release enhancement, social media distribution via IBN to millions of followers, and tailored corporate communications solutions. The platform serves as a critical channel for companies like Forward Industries to reach investors, influencers, consumers, journalists and the general public in the rapidly evolving cryptocurrency market. For the latest news and updates relating to FWDI, investors can access the company's newsroom at https://ibn.fm/FWDI.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Forward Industries Repurchases $27.4M in Shares, Boosts SOL-Per-Share
