Forward Industries, Inc. (Forward Industries (NASDAQ: FWDI)), a Solana-focused digital asset treasury company, announced that it added approximately 357,000 SOL and SOL equivalents 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. The company reported an average cost of $78.26 for purchased SOL and SOL earned through staking, with no cash cost ascribed to staking rewards. The holdings include SOL, fwdSOL, pledged SOL, and SOL equivalents, and are preliminary and unaudited.
This aggressive accumulation matters because it underscores the growing trend of public companies adopting cryptocurrency treasury strategies, potentially influencing market dynamics and institutional acceptance of digital assets. Forward Industries, which launched its digital asset treasury strategy in September 2025 with backing from investors including Galaxy Digital and Jump Crypto, aims to expand and strengthen the Solana ecosystem by acquiring and staking SOL and investing in Solana-related projects to increase shareholder value. 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 the latest news and updates relating to FWDI are available in the company’s newsroom at https://ibn.fm/FWDI.
The announcement was distributed through CryptoCurrencyWire, a specialized communications platform focusing on blockchain and the cryptocurrency sector. CryptoCurrencyWire is one of more than 75 brands within the Dynamic Brand Portfolio at IBN, which provides wire solutions via InvestorWire, article and editorial syndication to 5,000+ outlets, enhanced press release enhancement, social media distribution to millions of followers, and tailored corporate communications solutions. This infrastructure helps companies like Forward Industries reach a wide audience of investors, influencers, and journalists, amplifying the significance of their treasury updates. As public companies increasingly adopt cryptocurrency treasury strategies, Forward Industries’ substantial SOL holdings could serve as a bellwether for institutional confidence in Solana and the broader digital asset market.
