Forward Industries, Inc. (NASDAQ: FWDI), a Solana-focused digital asset treasury company, reported a significant increase in its Solana (SOL) holdings during its fiscal fourth quarter ended September 30, 2026. According to the company’s announcement, its SOL and SOL equivalent holdings rose by 948,601 SOL, or 13%, to reach 8,501,298 SOL. This amount represents approximately 1.4% of the total Solana circulating supply, underscoring the company’s substantial position in the ecosystem.
The SOL added during the quarter was acquired at an average cost of $83 per SOL. On a per-share basis, SOL per fully diluted share increased 10.4% quarter over quarter, from 0.0730 to 0.0806. Additionally, the preliminary, unaudited net asset value jumped to approximately $870.4 million as of September 30, up from approximately $481.3 million as of June 30, reflecting both the increase in holdings and the appreciation in Solana’s price.
This growth matters because it demonstrates the execution of Forward Industries’ treasury strategy, which is centered on buying, holding, staking, trading, and investing in SOL and related digital assets. The company aims to expand and strengthen the Solana ecosystem while increasing shareholder value. In September 2025, Forward launched its digital asset treasury strategy in connection with a private placement, backed by industry-leading investors and operating partners such as Galaxy Digital and Jump Crypto. For more details on the company’s Solana treasury strategy, visit www.forwardindustries.com.
For investors tracking FWDI, the latest news and updates are available in the company’s newsroom at https://ibn.fm/FWDI. The full press release can be viewed at https://ibn.fm/Gcttb.
The announcement was disseminated through MissionIR, a specialized communications platform that assists IR firms with syndicated content to enhance visibility of private and public companies. MissionIR is one of over 75 brands within the Dynamic Brand Portfolio at IBN. The platform offers access to a vast network of wire solutions via InvestorWire, article and editorial syndication to 5,000+ outlets, press release enhancement, social media distribution, and tailored corporate communications solutions.
For more information about MissionIR, visit MissionIR. The implications of Forward Industries’ growing Solana treasury are notable: it signals increasing institutional adoption of cryptocurrencies and could encourage other corporations to consider similar strategies, potentially driving further demand for Solana and influencing its market dynamics.
