Forward Industries (NASDAQ: FWDI), a Solana-focused digital asset treasury company, reported that it added approximately 357,000 SOL and SOL equivalents through purchases and staking rewards from Aug. 4 through Sept. 20, 2026. As of Sept. 21, the company held approximately 8.16 million SOL and SOL equivalents, representing about 1.39% of Solana’s circulating supply. The update underscores the company’s aggressive accumulation strategy and its growing influence within the Solana ecosystem.
The company reported an average cost of $78.26 for purchased SOL and SOL earned through staking, with no cash cost ascribed to SOL earned through staking. Total holdings include SOL, fwdSOL, pledged SOL and SOL equivalents, and the figures are preliminary and unaudited. Forward Industries’ strategy centers on buying, holding, staking, trading, investing in, and growing SOL and SOL-related digital assets, protocols and businesses. The company aims to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to, and investing in the Solana network, developers and related projects to increase shareholder value.
This development matters because it demonstrates continued institutional commitment to Solana despite market volatility. Forward Industries launched its digital asset treasury strategy in September 2025 in connection with a private placement supported by industry-leading investors and operating partners including Galaxy Digital and Jump Crypto. The latest accumulation signals that these backers remain confident in Solana’s long-term potential. For readers and investors, the announcement highlights the growing trend of public companies using digital asset treasuries as a core part of their corporate strategy, potentially influencing other firms to explore similar approaches.
Forward Industries’ substantial holdings could impact Solana’s market dynamics, as staking a large portion of circulating supply may affect network security and token liquidity. The company’s average cost of $78.26 provides a benchmark for its investment performance and may inform market sentiment around SOL’s price trajectory. More information on the company’s Solana treasury strategy is available at www.forwardindustries.com. The latest news and updates relating to FWDI are available in the company’s newsroom at https://ibn.fm/FWDI.
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