Forward Industries Inc. (NASDAQ: FWDI) has further solidified its position as the largest corporate holder of Solana (SOL) by expanding its treasury to 7.55 million SOL as of June 30, 2026. The company announced it acquired more than 500,000 SOL during fiscal Q3 2026 at an average purchase price of approximately $79 per SOL, as detailed in a press release (https://nnw.fm/rOdBw).
This latest acquisition brings Forward's total Solana holdings to 7.55 million SOL, reinforcing its strategy of building and managing a large-scale cryptocurrency treasury. During the same quarter, Forward sold 93,642 shares of common stock as part of its At The Market offering, while achieving an annualized SOL-per-share growth of 36%. This metric highlights the company's ability to increase its Solana holdings per outstanding share, a key performance indicator for investors tracking the treasury's value.
The move by Forward Industries to accumulate such a substantial Solana position reflects a growing trend among public companies to diversify corporate treasuries with digital assets. By holding over 7.5 million SOL, Forward not only gains exposure to potential appreciation in Solana's value but also positions itself as a bellwether for corporate cryptocurrency adoption. The average purchase price of $79 per SOL suggests the company is acquiring the asset at a strategic entry point, potentially aiming for long-term gains.
For investors, the expansion of Forward's Solana treasury and the associated SOL-per-share growth provide tangible metrics to assess the company's performance in this innovative asset class. The company's continued investment in Solana may signal confidence in the blockchain's ecosystem and its future utility. As of the announcement, Forward Industries remains a key player to watch in the intersection of traditional finance and digital assets.
For more information on Forward Industries, visit the company's newsroom at https://nnw.fm/FWDI.
