Curated News
By: NewsRamp Editorial Staff
October 02, 2026
Forward Industries' Solana Holdings Surge 13% in Q4
TLDR
- Forward Industries grew SOL holdings 13% to 8.5 million, boosting NAV to $870.4 million and SOL per share by 10.4%.
- Forward Industries acquired 948,601 SOL at an average cost of $83, reaching 8,501,298 SOL, which is 1.4% of Solana's circulating supply.
- Forward Industries strengthens the Solana ecosystem by staking and investing in SOL, aiming to increase shareholder value and support network growth.
- Forward Industries holds 8.5 million SOL, about 1.4% of all Solana, after adding 948,601 SOL in its fiscal fourth quarter.
Impact - Why it Matters
This news matters because it highlights the growing institutional adoption of Solana and the success of Forward Industries' treasury strategy. As a publicly traded company, Forward's substantial accumulation of SOL—now representing 1.4% of the circulating supply—demonstrates confidence in the long-term value of the Solana ecosystem. The 10.4% increase in SOL per share and the near-doubling of net asset value to $870.4 million reflect strong performance that could attract more investors to both Forward and Solana-based assets. This move may encourage other companies to consider similar digital asset treasury strategies, potentially increasing demand for SOL and further legitimizing cryptocurrencies as a treasury reserve asset. For shareholders, this growth signals potential appreciation and validates the company's strategic pivot toward digital assets.
Summary
Forward Industries (NASDAQ: FWDI), a Solana-focused digital asset treasury company, reported a significant increase in its SOL holdings for its fiscal fourth quarter ended Sept. 30, 2026. The company added 948,601 SOL, a 13% jump, bringing its total to 8,501,298 SOL, which represents approximately 1.4% of Solana's circulating supply. The newly acquired SOL had an average cost of $83 per token. On a per-share basis, SOL per fully diluted share rose 10.4% quarter over quarter to 0.0806 from 0.0730, while preliminary, unaudited net asset value climbed to approximately $870.4 million as of Sept. 30, up from approximately $481.3 million as of June 30. This growth underscores Forward's commitment to its digital asset treasury strategy, which is supported by industry-leading investors and operating partners including Galaxy Digital and Jump Crypto.
Forward Industries, Inc. (NASDAQ: FWDI) aims to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to, and investing in the Solana network and related projects. The company's mission is to increase shareholder value through its Solana treasury strategy. For more information, visit www.forwardindustries.com. The latest news and updates relating to FWDI are available in the company's newsroom at https://ibn.fm/FWDI.
MissionIR, a specialized communications platform under the IBN Dynamic Brand Portfolio, provides syndicated content to enhance visibility for private and public companies. With services including InvestorWire for wire solutions, editorial syndication to 5,000+ outlets, press release enhancement, social media distribution, and corporate communications solutions, MissionIR helps clients reach a wide audience of investors, influencers, and journalists. For more information, visit www.MissionIR.com.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Forward Industries' Solana Holdings Surge 13% in Q4
