Forward Industries Eyes Berkshire Hathaway Status as SOL Losses Near $1 Billion
Forward Industries’ CIO says the corporate goals to turn out to be the “Berkshire Hathaway of the Solana ecosystem,” even as its treasury approaches $1 billion in unrealized losses.
The assertion comes as SOL has declined almost 30% year-to-date, a drop that’s impacting steadiness sheets throughout main Solana-focused digital asset treasury (DAT) companies.
Solana’s Price Decline Deepens Institutional Pain
Forward Industries is the largest institutional holder of Solana. The firm began accumulating SOL in September 2025 after elevating roughly $1.65 billion by a personal funding in public fairness (PIPE), backed by Galaxy Digital, Jump Crypto, and Multicoin Capital.
According to the newest knowledge from CoinGecko, it holds over 6.9 million SOL. The agency acquired its place at a median worth of round $230 per token, implying a complete value foundation of roughly $1.59 billion.
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With the altcoin trading close to $87, the company’s stake is now value roughly $605.2 million. That represents an unrealized lack of almost $1 billion, or roughly 62% from its common entry worth.
Furthermore, FWDI shares have fallen from over $39 to roughly $5 for the reason that firm began shopping for SOL. According to Google Finance knowledge, the inventory worth declined by 31.47% in 2026 alone.
Despite the drawdown, the agency’s conviction stays sturdy. Company management has outlined an formidable long-term imaginative and prescient that transcends short-term volatility.
“Our longer-term aspiration is to be the Berkshire Hathaway of the Solana ecosystem. We imagine Solana is finest positioned as the blockchain for the way forward for web capital markets,” Forward Industries’ CIO Ryan Navi said.
According to CoinGecko treasury knowledge, Forward Industries will not be alone. Firms like DeFi Development Corp, Upexi, and Sharps Technology are additionally sitting on vital unrealized losses as Solana’s worth continues to slide.
The losses prolong nicely past Solana-focused companies. Bitmine’s Ethereum (ETH) holdings have produced unrealized losses exceeding $7 billion. Meanwhile, Strategy’s Bitcoin (BTC) position carries paper losses of roughly $5 billion, in line with Saylortracker data.
The broader DAT mannequin, through which publicly listed firms maintain crypto property as their main steadiness sheet instrument, is exhibiting its vulnerabilities as a synchronized market decline compresses asset values whereas fairness buyers reprice threat.
Solana Launches “Solana Payments” Amid Ecosystem Momentum
Despite worth struggles, ecosystem developments have continued. Yesterday, the workforce launched Solana Payments, a brand new initiative to speed up on-chain fee adoption.
According to the community, main gamers, together with Visa, PayPal, Stripe, Western Union, and Fiserv, are working stay merchandise on the community, not simply pilots. It additionally said that the community has processed over 480 billion transactions and facilitates roughly $2 trillion in stablecoin transfers per quarter.
“Payments.org has all the things it is advisable to begin constructing: Live fee simulator. Developer docs. Case research from the largest names in finance,” the put up learn.
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Thus, whereas ecosystem improvement continues and institutional narratives stay formidable, extended worth weak spot is testing steadiness sheets and investor confidence alike. Forward Industries’ guess on SOL’s long-term worth could but show appropriate, however the timeline and the market’s endurance for it remain open questions.
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