Forward Industries Expands Solana Treasury Strategy with Major Financial and Operational Milestones
TL;DR
Forward Industries offers investors a competitive edge with its $1.65 billion private placement and high-yield validator infrastructure outperforming peers.
Forward Industries' strategy involves staking SOL through its validator and PropAMM, tokenizing shares via Superstate, and optimizing capital through tax processes and share repurchases.
Forward Industries aims to build a sustainable gateway to Solana, potentially advancing blockchain accessibility and creating long-term value for shareholders and the ecosystem.
Forward Industries now holds over 6.9 million SOL and created a crypto advisory board with 25 experts, rapidly expanding its treasury since September.
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Forward Industries Inc. (NASDAQ: FWDI) has provided shareholders with a comprehensive update on its Solana treasury strategy, revealing substantial progress in building what the company describes as the world's largest Solana treasury. The update follows the strategy's debut and outlines multiple operational and financial achievements that demonstrate the company's rapid expansion within the Solana ecosystem.
The company closed a $1.65 billion private placement led by prominent cryptocurrency investment firms Galaxy Digital, Multicoin Capital, and Jump Crypto, providing significant capital for treasury expansion. Leadership changes include the appointment of Ryan Navi as Chief Investment Officer and Georgia Quinn as General Counsel, while the company established a crypto advisory board with 25 initial members possessing expertise in capital markets, digital assets, financial services, and the Solana ecosystem.
Operational developments include the launch of an institutional-grade validator on the Solana blockchain, Forward's Proprietary Automated Market Maker ("PropAMM"), and fwdSOL, the company's liquid staking token designed to maximize yield from staked Solana (SOL). A partnership with fintech firm Superstate enables stockholders to tokenize and hold FWDI shares on the SOL blockchain, representing a significant step toward on-chain equity integration.
Financial milestones include completing a tax optimization process, changing the ticker symbol from "FORD" to "FWDI," authorizing a share repurchase program to repurchase up to $1 billion of common stock, and announcing an at-the-market equity offering program. As of December 1st, 2025, the company holds over 6.9 million SOL in its treasury, with validator infrastructure generating between 6.82% and 7.01% annual percentage yield before fees, outperforming top peer validators. The company maintains a debt-free position with $30 million in operating capital between USDC reserves and cash.
Chairman Kyle Samani emphasized the company's rapid progress, stating that Forward Industries has "rapidly built the largest Solana treasury in the world and established an institutional-grade foundation capable of compounding long-term SOL-per-share." He noted the company accumulated more than 6.9 million SOL in weeks, deployed nearly all of it across high-performance validator infrastructure, and implemented tax-efficient strategies that strengthened the capital position. Samani added that initiatives such as bringing equity on-chain and executing accretive mergers and acquisitions position the company to continue expanding its SOL treasury and compounding SOL-per-share.
The company's strategy centers on creating shareholder value through active participation in the Solana ecosystem and deploying assets through on-chain opportunities like staking and lending. More information about the company's Solana treasury strategy is available at https://ibn.fm/S14Up. The latest news and updates relating to FWDI are available in the company's newsroom at https://ibn.fm/FWDI.
Curated from InvestorBrandNetwork (IBN)
