Forward Industries Increases Solana Treasury to 7.55 Million SOL, Reports 36% Annualized SOL-per-Share Growth

Forward Industries, Inc. (NASDAQ: FWDI) announced today that it acquired more than 500,000 SOL during its fiscal third quarter of 2026 at an average purchase price of approximately $79 per SOL, increasing its Solana treasury to 7.55 million SOL as of June 30, 2026. The company also reported selling 93,642 shares through its at-the-market offering during the quarter while achieving annualized SOL-per-share growth of 36%.

The company noted that its recent inclusion in the Russell 2000 and Russell 3000 indexes enhances its ability to raise capital when its shares trade at a premium to net asset value, complementing its strategy of using fwdSOL as collateral to access liquidity while generating staking yield. According to the press release, SOL per fully diluted share increased to 0.0729 as of June 30 from 0.0669 at the end of the prior quarter.

Forward Industries, a Solana-focused digital asset treasury company, aims to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols, and businesses. The company’s mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with the Solana network, developers, and related projects to increase shareholder value. In connection with a private placement transaction in September 2025, the company launched its digital asset treasury strategy supported by industry leading investors and operating partners including Galaxy Digital and Jump Crypto.

The company’s inclusion in the Russell indexes is expected to provide greater visibility among institutional investors, potentially improving liquidity and capital access. By using fwdSOL as collateral, Forward can access liquidity without selling its core holdings, while still earning staking rewards. This approach allows the company to generate yield on its digital assets while maintaining exposure to potential SOL appreciation.

The announcement underscores Forward Industries’ continued commitment to its Solana treasury strategy, which has seen significant growth since its inception. With 7.55 million SOL now in its treasury, the company is one of the largest publicly traded holders of Solana. The 36% annualized SOL-per-share growth indicates that the company is effectively increasing its Solana holdings on a per-share basis, potentially enhancing shareholder value.

For more information on Forward Industries’ Solana treasury strategy, visit forwardindustries.com. The latest news and updates relating to FWDI are available in the company’s newsroom at https://ibn.fm/FWDI.