Forward Industries Bolsters Solana Holdings by 948,601 Tokens in Fiscal Q4
Forward Industries, a company with a significant Solana (SOL) position, has increased its holdings by 948,601 tokens during fiscal Q4. This brings its total SOL holdings to 8.501 million as of September 30, 2026. The company said the 13% quarterly increase came from a combination of SOL purchases and staking, with the newly added tokens carrying an average cost of $83.
Forward's SOL holdings represent roughly 1.4% of Solana's circulating supply. The company's treasury dashboard continues to show 8,501,298 SOL and equivalents as of September 30.
At a reference price of $118.06 per SOL on September 30, Forward placed the fair value of its SOL treasury at $1.0037 billion. Other digital assets carried a reported fair value of $26.9 million, while cash stood at $7.3 million.
The company's Chief Investment Officer, Ryan Navi, called the period a 'standout quarter' and pointed to the record SOL additions. Forward's strategy is to build a 'Berkshire Hathaway of Solana', according to management.