Forward Industries Adds Over 949K SOL to Its Treasury

Forward Industries, a US-based company, has significantly increased its Solana (SOL) holdings in fiscal Q4. The company added nearly 949,000 SOL tokens to its treasury, taking its total holdings to 8.501 million as of September 30, 2026.

The value of Forward's SOL treasury was estimated at $1.004 billion using a reference price of $118.06 per SOL on September 30. This represents an increase in value from the end of June, when Forward's holdings were 7.553 million SOL.

Forward's Chief Investment Officer, Ryan Navi, described Q4 as a 'standout quarter' for the company, citing record additions to its Solana treasury. The company plans to use the proceeds from its $25 million stock offering in September partly for additional SOL purchases.

The Solana price was trading near $122 on October 2, up roughly 4% over the previous 24 hours and around 3% over the past seven days. However, it is unclear whether Forward's latest treasury purchases had any impact on the current price of SOL.