Forward Industries, Inc. (NASDAQ: FWDI), the leading Solana treasury company, reported that it added approximately 357,000 SOL and SOL equivalents through purchases and staking rewards between Aug. 4 and Sept. 20, 2026. As of Sept. 21, the company held approximately 8.16 million SOL and SOL equivalents, representing about 1.39% of Solana's circulating supply, according to its latest treasury update. The company also disclosed an average cost of $78.26 for purchased SOL and SOL earned through staking, with no cash cost ascribed to staking rewards.
The disclosure underscores the growing trend of public companies allocating balance sheet capital to digital assets, a strategy that can offer investors exposure to cryptocurrency markets within a regulated equity structure. Forward Industries' sizable stake in Solana means its performance is increasingly tied to the health and adoption of the Solana network, which could influence the company's share price and, by extension, broader institutional interest in Solana-focused treasury strategies. For readers and industry observers, the update provides a transparent look at how one of the largest corporate Solana holders is building its position, including through staking, which generates yield without direct cash outlay.
Forward Industries said its total holdings include SOL, fwdSOL, pledged SOL, and SOL equivalents, and that the figures are preliminary and unaudited. The company's mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and by investing in Solana-related projects to increase shareholder value. It launched its digital asset treasury strategy in September 2025 through a private placement supported by industry investors including Galaxy Digital and Jump Crypto.
For more details on the company's Solana treasury strategy, visit www.forwardindustries.com. The full press release is available at https://ibn.fm/H6SAd, and ongoing news and updates relating to FWDI can be found in the company's newsroom at https://ibn.fm/FWDI.
The announcement was distributed through CryptoCurrencyWire, a specialized communications platform focused on blockchain and the cryptocurrency sector. CCW is one of more than 75 brands within the Dynamic Brand Portfolio at IBN, which provides wire solutions, editorial syndication to 5,000+ outlets, and social media distribution to millions of followers. The platform also offers corporate communications solutions tailored to public and private companies.
Forward Industries' growing Solana treasury highlights the intersection of traditional public markets and decentralized finance, a space that investors and regulators continue to monitor closely. As more companies adopt similar strategies, the scale and transparency of holdings like these could shape market sentiment and set benchmarks for corporate crypto adoption.
