Forward Industries Shares Spike as Leading Solana Treasury Adds $38 Million in SOL
Key takeaways
- "Our mandate is simple: maximize SOL per share and create long-term shareholder value," said Forward Industries CIO Ryan Navi in a statement.
- The firm utilized its at-the-market offering, selling 93,642 common shares during the quarter to raise funds.
- Despite Wednesday's price jump, shares have fallen around 26% in the last six months of trading and are now 89% off their 52-week high of $46.
Forward Industries Shares Spike as Leading Solana Treasury Adds $38 Million in SOL Forward Industries Shares Spike as Leading Solana Treasury Adds $38 Million in SOL · decrypt Logan Hitchcock Wed, July 1, 2026 at 10:09 PM GMT+7 2 min read SOL-USD FWDI Shares in leading Solana treasury firm Forward Industries have jumped nearly 17% to trade at $4.94 after the firm announced it acquired more than $38 million worth of Solana during its fiscal third quarter.
The firm bolstered its treasury with more than 500,000 SOL at an average price around $79 and now maintains a balance sheet with around 7.55 million SOL, currently valued around $579 million as Solana trades just under $77.
"Our mandate is simple: maximize SOL per share and create long-term shareholder value," said Forward Industries CIO Ryan Navi in a statement. "Our execution this quarter demonstrates our ability to employ multiple capital formation strategies to acquire additional SOL in a highly accretive manner."