Forward Industries Suffers Near $1 Billion Loss on Solana Bet

Forward Industries' Solana holding has become a significant concern due to the sharp decline in SOL prices. The company's unrealized loss is nearing $1 billion after the price fell below its average purchase cost of about $232 per token.

The firm held nearly 7 million SOL as of January 2026, with most of it staked for yield. This provides some cash flow support but does not offset the substantial losses incurred by the company.

Staking income has become a crucial aspect of crypto treasury firms' strategies to manage their assets and generate revenue. However, this approach comes with risks, particularly when borrowing heavily to accumulate digital assets.