Forward Industries Shares Rise 11% as Solana Bet Grows to 7.5 Million

Forward Industries, the most important company Solana (SOL) holder, noticed its share worth rise by double-digits on Wednesday. 

The uptick got here after the corporate revealed it purchased over 500,000 Solana (SOL) in fiscal Q3 2026.

Forward Industries SOL Treasury Tops 7.5M 

FWDI closed at $4.70 on July 1, up 11.37%. The acquire prolonged a rally that started in late June, when SOL began to recuperate. That rebound has supplied reduction to a inventory weighed down by a broader 2026 downturn.

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According to the announcement, the agency acquired the tokens at an common worth of about $79 every. Forward held 7.55 million SOL as of June 30, 2026. 

SOL-per-fully diluted share rose to 0.0729 from 0.0669 within the prior quarter, a 36% annualized development price. Furthermore, shares excellent fell to 73.85 million from 76.31 million.

Meanwhile, the corporate offered 93,642 shares via its at-the-market program throughout the quarter. Forward additionally cited its recent inclusion in the Russell 2000 and Russell 3000 indexes. 

“By repurchasing shares when Forward trades at a reduction to NAV and issuing fairness when our shares commerce at a premium, we dynamically allocate capital in a approach that compounds SOL per share and enhances long-term intrinsic worth,” CIO Ryan Navi said.

Losses Still Weigh on the Largest SOL Holder

The shopping for spree got here after a painful stretch. Forward recorded a $283.1 million net loss for the quarter ended March 31, 2026, pushed by fair-value markdowns on its SOL stack. Revenue nonetheless quadrupled 12 months over 12 months on staking rewards.

Market circumstances have since turned more favorable. SOL gained over 15% over the previous week on robust community exercise, outperforming large-cap cryptocurrencies, BeInCrypto Markets knowledge exhibits.

The coming months will take a look at whether or not SOL’s restoration can maintain, a swing that flows straight to Forward’s stability sheet as the most important SOL holder.

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