Forward Industries Holds 6.87 Million SOL in Treasury, Generating 7.01% Staking Yield

Forward Industries, Inc. (NASDAQ: FORD) reported holding 6,871,599.06 SOL in its treasury as of October 15, 2025, with the cryptocurrency holdings generating a 7.01% yield through staking operations. The company, which describes itself as the leading Solana treasury company, has deployed more than $1.5 billion into Solana and established institutional-grade validator infrastructure that produces over 1,000 SOL in daily revenue.

Since initiating its Solana treasury strategy, Forward Industries has purchased 6,834,505.96 SOL at an average cost of $232.08 per SOL, with nearly all holdings currently staked to generate yield. The company's validator infrastructure has demonstrated superior performance, exceeding the average yield of the top 10 validators by approximately 20 basis points, according to company statements.

Chairman Kyle Samani emphasized that the treasury strategy is aimed at building long-term shareholder value while simultaneously supporting the growth of the Solana ecosystem. The company's approach represents a significant institutional commitment to cryptocurrency treasury management, with backing from prominent cryptocurrency investment firms including Galaxy Digital, Jump Crypto, and Multicoin Capital.

The announcement highlights the growing trend of public companies incorporating cryptocurrency into their treasury management strategies. Forward Industries' substantial SOL holdings and sophisticated staking operations demonstrate how traditional companies are adapting to the digital asset space while seeking to generate revenue through blockchain-based financial instruments. The company's ability to achieve yields above industry averages suggests potential competitive advantages in cryptocurrency treasury management.

This development is significant for both the cryptocurrency industry and traditional investors as it represents one of the largest publicly-reported corporate treasury allocations to a single cryptocurrency. The institutional-grade infrastructure and backing from major cryptocurrency investment firms provides credibility to the approach, potentially encouraging other public companies to consider similar strategies. The daily revenue generation of over 1,000 SOL demonstrates the tangible financial benefits that can be achieved through well-executed cryptocurrency treasury management.

Forward Industries initiated its Solana treasury strategy in September 2025, marking a strategic shift for the company that has historically operated as a global design company serving medical and technology clients for over 60 years. The full press release detailing the treasury update is available at https://ibn.fm/TN7nY, while additional company information can be found in the corporate newsroom at https://ibn.fm/FORD.