Forward Industries Expands Solana Holdings by 13% in Q4

Forward Industries (FWDI) expanded its Solana token holdings by 13% in the fourth quarter, reaching 8.5 million SOL tokens.

The company acquired 948,601 SOL tokens at an average price of $83 per token, bringing its aggregate position to approximately 1.4% of Solana's total circulating token supply.

On a fully diluted basis, SOL per share increased 33% across the twelve-month period, from 0.0604 one year earlier to 0.0806 at quarter end.

The company's net asset value surged to $870.4 million by September 30, nearly double the prior quarter's figure of $481.3 million.