Forward Industries Doubles Down on Solana with Record-Breaking Treasury Expansion

Forward Industries Inc., a NASDAQ-listed company, has significantly expanded its Solana (SOL) treasury by acquiring over 500,000 SOL during its fiscal third quarter of 2026 at an average purchase price of approximately $79 per SOL. This brings the company's total SOL holdings to 7.55 million SOL as of June 30, 2026.

This makes Forward Industries the largest corporate holder of Solana worldwide, according to a press release on NetworkNewsWire. The expansion underscores the company's commitment to building and managing a large-scale digital asset treasury.

Forward Industries also sold 93,642 shares of common stock as part of its At The Market offering during the same quarter, while delivering an annualized SOL-per-share growth of 36%. This strategic move highlights the company's focus on increasing its cryptocurrency reserves relative to its equity base.