Forward Industries, Inc. (NASDAQ: FWDI), a Solana-focused digital asset treasury company, announced that it acquired more than 500,000 SOL during its fiscal third quarter of 2026 at an average purchase price of approximately $79 per SOL. This acquisition increased the company's Solana treasury to 7.55 million SOL as of June 30, 2026. The company also reported that it sold 93,642 shares through its at-the-market offering during the quarter while achieving annualized SOL-per-share growth of 36%.
According to the announcement, Forward Industries' recent inclusion in the Russell 2000 and Russell 3000 indexes enhances its ability to raise capital when its shares trade at a premium to net asset value. This complements the company's strategy of using fwdSOL as collateral to access liquidity while generating staking yield. The company reported SOL per fully diluted share increased to 0.0729 as of June 30 from 0.0669 at the end of the prior quarter.
Forward Industries launched its digital asset treasury strategy in September 2025, supported by industry leading investors and operating partners including Galaxy Digital and Jump Crypto. The company's mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to, and investing in the Solana network, developers, and related projects. For more information on the company's Solana treasury strategy, visit forwardindustries.com.
The announcement underscores the growing trend of publicly traded companies accumulating digital assets as part of their treasury strategies. For business leaders and technology investors, Forward's increased SOL holdings and index inclusion signal confidence in Solana's long-term value and the potential for digital asset treasuries to enhance shareholder value. The company's ability to raise capital through at-the-market offerings when shares trade at a premium to net asset value provides a flexible funding mechanism that could be replicated by other firms.
As of June 30, 2026, Forward Industries held 7.55 million SOL, representing a significant commitment to the Solana ecosystem. The company's SOL-per-share growth of 36% annualized indicates that its treasury strategy is yielding tangible returns for shareholders. The inclusion in the Russell indexes may also attract institutional investors who track these benchmarks, potentially increasing demand for FWDI shares.
For more information, visit the company's newsroom at https://ibn.fm/FWDI. The full press release is available at https://ibn.fm/Hg8po.
