Forward Industries Inc. (NASDAQ: FWDI) has announced a major expansion of its Solana treasury, adding more than 500,000 SOL during fiscal Q3 2026 at an average purchase price of approximately $79 per SOL. This brings the company's total holdings to 7.55 million SOL as of June 30, underscoring its commitment to a digital asset treasury strategy focused on Solana.
The company also reported selling 93,642 shares through its at-the-market offering, a move that it says demonstrates its ability to raise capital in an accretive manner. Forward Industries highlighted a 36% annualized SOL-per-share growth, indicating that its treasury strategy is adding value for shareholders relative to the dilution from capital raises.
Following its inclusion in the Russell 2000 and Russell 3000 indexes, Forward Industries now has additional access to institutional capital. This index membership is a significant milestone for the company, as it broadens its investor base and enhances its visibility among institutional investors who track these benchmarks.
In addition to its core buying and holding strategy, Forward Industries utilizes its proprietary fwdSOL staking token, which provides another source of liquidity. This token allows the company to generate yield on its Solana holdings while maintaining flexibility for future acquisitions or investments.
The expansion of Solana holdings comes at a time when institutional interest in digital assets is growing. By increasing its treasury position and securing index inclusion, Forward Industries is positioning itself to capitalize on the evolving landscape of digital asset treasury management.
Forward Industries describes itself as 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. The company's mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with the network, developers, and projects to increase shareholder value.
In connection with a private placement transaction in September 2025, Forward Industries launched its digital asset treasury strategy, supported by industry-leading investors and operating partners including Galaxy Digital and Jump Crypto. This backing provides additional credibility and resources as the company pursues its ambitious growth plans.
The company's latest news and updates are available in its newsroom at https://ibn.fm/FWDI. For more information on the company's Solana treasury strategy, visit www.forwardindustries.com.
This announcement is important because it highlights the growing trend of public companies adopting digital asset treasuries, particularly in the Solana ecosystem. Forward Industries' ability to raise capital accretively while expanding its holdings could serve as a model for other companies considering similar strategies. The inclusion in major indexes also signals a maturation of the digital asset treasury space, potentially attracting more institutional investment into the sector.
