Forward Industries, Inc. (NASDAQ: FWDI), a company focused on building a digital asset treasury around Solana, 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 its 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%. 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 noted that its 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.
As a Solana-focused digital asset treasury company, Forward Industries aims to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols, and businesses. The company's mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with the Solana network, developers, and related projects.
For more details on the company's Solana treasury strategy, visit forwardindustries.com. The full press release is available at https://ibn.fm/Hg8po.
The announcement underscores Forward Industries' commitment to its digital asset strategy, leveraging its Solana holdings to generate value for shareholders. The company's ability to raise capital through at-the-market offerings, combined with its inclusion in major indexes, positions it to continue expanding its treasury and staking operations.
