Forward Industries expands Solana holdings to 8.5 million SOL

Nasdaq-listed Forward Industries (FWDI) added 948,601 SOL in its fiscal fourth quarter ending September 30, 2026, bringing its total treasury to 8,501,298 SOL. The company, which began its Solana strategy in 2025, reported a preliminary net asset value of approximately $870.4 million. The firm funded these acquisitions through increased institutional borrowing and a $25 million stock offering, achieving a 10.4% quarter-over-quarter increase in SOL per fully diluted share.