Forward Industries Grows SOL Holdings by 949K to 8.5 Million SOL in Fiscal Fourth Quarter, Increasing SOL per Share to 0.0806
Key Highlights
- ➤SOL holdings (FWDI) rose 948,601 to 8,501,298, approximately 1.4% of circulating supply
- ➤SOL per fully diluted share increased 10.4% quarterly to 0.0806
- ➤SOL additions cost an average of $83 per SOL
- ➤Net asset value (FWDI) reached $870,382,702, preliminary and unaudited
- ➤Institutional debt (FWDI) increased to $167,500,000 from $105,000,000
Expert Statements
Ryan Navi, Chief Investment Officer of Forward Industries
“This was a standout quarter for Forward, with record SOL additions far outpacing our peers and SOL per share growth of approximately 42% on an annualized basis.”
Ryan Navi, Chief Investment Officer of Forward Industries
“Our accelerating growth in both total SOL and SOL per share demonstrates the power of our disciplined capital allocation and differentiated ‘SOL++’ strategy.”
Ryan Navi, Chief Investment Officer of Forward Industries
“We are building the Berkshire Hathaway of Solana, combining access to best-in-class debt and equity capital terms with diversified yield sources and investments in high-growth ecosystem companies.”
Ryan Navi, Chief Investment Officer of Forward Industries
“Each milestone strengthens our ability to compound shareholder value.”
Forward Industries increased SOL per Share by 42% annualized, for the quarter.
AUSTIN, TX, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward”), the leading Solana treasury company, today provided an update on its SOL treasury strategy for its fiscal fourth quarter ended September 30, 2026. During the quarter, Forward increased its SOL and SOL equivalent holdings by 948,601 SOL, or 13%, from 7,552,698 as of June 30, 2026 to 8,501,298 as of September 30, 2026, representing approximately 1.4% of Solana’s circulating supply.(1) The SOL added during the quarter came at an average cost of $83 per SOL.(2)
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