Forward Industries Expands Solana Treasury and Institutional Capital Access

Forward Industries (NASDAQ: FWDI) has announced a major expansion of its Solana treasury, adding more than 500,000 SOL during fiscal Q3 2026 at an average price of approximately $79 per SOL. This brings the company's total holdings to 7.55 million SOL as of June 30. The company also sold 93,642 shares through its at-the-market offering, reporting a 36% annualized SOL-per-share growth, which it says demonstrates its ability to raise capital in an accretive manner.

The company's inclusion in the Russell 2000 and Russell 3000 indexes has provided additional access to institutional capital, a key development for a digital asset treasury company. Forward's proprietary fwdSOL staking token offers another source of liquidity, enabling the company to monetize its staked assets.

Forward Industries is a Solana-focused digital asset treasury company with a strategy to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols, and businesses. Its mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with Solana developers and projects, ultimately increasing shareholder value. The company launched its digital asset treasury strategy in September 2025, supported by investors and operating partners including Galaxy Digital and Jump Crypto.

This strategic move positions Forward Industries to benefit from the growth of the Solana network while providing shareholders with a unique exposure to digital assets. The expansion of its treasury and institutional capital access underscores the company's commitment to its Solana-focused strategy and its potential for long-term value creation.