Forward Industries Bolsters Solana Holdings by Over 13%

Forward Industries, a Nasdaq-listed company, has continued its aggressive buying of Solana tokens. In its fiscal fourth quarter, which ended September 30, 2026, Forward added 948,601 SOL to its treasury, bringing the total to 8,501,298 SOL and equivalent tokens.

This represents a 13% increase from the previous quarter's holdings of 7,552,698 tokens. The company paid an average price of $83 per SOL during this period, significantly lower than the reference price of $118.06 on September 30, 2026.

Forward's Solana treasury is now valued at approximately $1.004 billion using the reference price. After subtracting debt, the company reported a preliminary net asset value of around $870.4 million.

The company has been actively buying Solana tokens since September 2025, with a strategy to become a leading player in the market. Forward also engages in staking, which involves locking up tokens to secure the Solana network and earn additional SOL as rewards.