Forward Industries Boosts Solana Holdings by 254,000 Tokens

Forward Industries has significantly increased its holdings of Solana (SOL) tokens by 254,000 SOL, bringing its total SOL and equivalent assets to approximately 7.8 million SOL. The company purchased these additional SOL at an average price of around $75 per SOL between July 1 and August 3. Forward stated that almost all of its SOL holdings are staked through its own validator nodes, with a network staking weight of about 1.38%.

According to Solana Beach data, in the third quarter, Forward earned about 106,000 SOL in staking rewards. Since launching this treasury strategy in September 2025, cumulative staking rewards are about 300,000 SOL. The company is also evaluating the possibility of acquiring other digital asset treasury companies and related strategic businesses.

Other companies mentioned in the article include DeFi Dev, which repurchased approximately $3.5 million in principal value of convertible bonds due July 2030 for $2.3 million in cash, a discount of about 35% off the face value; SkyAI, which disclosed that its treasury held approximately 2 million SOL as of June 30, along with around $12.1 million in cash; and Solmate, which purchased 1,001 SOL, bringing its total SOL holdings to around 1.26 million SOL.

SOL Strategies is expanding its business into Solana ecosystem infrastructure, having acquired Houdini Swap, a privacy-focused cross-chain swap aggregator. Houdini achieved about 1.1 million Canadian dollars in revenue and approximately 740,000 Canadian dollars in EBITDA in its first full month after being integrated into SOL Strategies.