Forward Industries adds 948,601 SOL, lifting holdings to 8,501,298

  • Forward Industries added 948,601 SOL and SOL equivalents during fiscal fourth quarter.
  • Forward Industries held 8,501,298 SOL equivalents on 30 September 2026.
  • FWDI shares rose 8% in Friday premarket trading after the treasury disclosure.

Forward Industries ended its fiscal fourth quarter on 30 September 2026 with 8,501,298 SOL and SOL equivalents after adding 948,601 tokens during the three-month period. FWDI shares rose 8% in Friday premarket trading after the treasury-focused company disclosed the increase. Purchases and staking lifted its holdings 13% from 7.553 million SOL at the end of June, representing roughly 1.4% of Solana's circulating supply. At a reference price of $118.06 per SOL, it valued the treasury at $1.0037 billion. SOL per fully diluted share rose 10.4% quarter-on-quarter to 0.0806 and 33% over the fiscal year, despite an increase in fully diluted shares to 105.54 million from 103.53 million. Forward said part of its SOL purchases was funded through FWDI share sales and described the issuance as accretive because the per-share SOL measure increased. Institutional debt rose to $167.5 million from $105 million, while net asset value nearly doubled from $481.3 million at the end of June to approximately $870.4 million. The company also reported that ONyc, the token of Solana-based tokenized reinsurance platform OnRe, increased in market capitalization to about $286.2 million from about $203.4 million during the quarter. The quarter-end figures are preliminary and unaudited.

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