Forward Industries Shares Spike as Leading Solana Treasury Adds $38 Million in SOL

Logan Hitchcock

Wed, July 1, 2026 astatine 10:09 AM CDT 2 min read

Shares successful starring Solana treasury steadfast Forward Industries person jumped astir 17% to commercialized astatine $4.94 aft the steadfast announced it acquired much than $38 cardinal worthy of Solana during its fiscal 3rd quarter.

The steadfast bolstered its treasury with much than 500,000 SOL astatine an mean terms astir $79 and present maintains a equilibrium expanse with astir 7.55 cardinal SOL, presently valued astir $579 cardinal arsenic Solana trades conscionable nether $77.

"Our mandate is simple: maximize SOL per stock and make semipermanent shareholder value," said Forward Industries CIO Ryan Navi successful a statement. "Our execution this 4th demonstrates our quality to employment aggregate superior enactment strategies to get further SOL successful a highly accretive manner."

The steadfast utilized its at-the-market offering, selling 93,642 communal shares during the 4th to rise funds. 

Despite Wednesday's terms jump, shares person fallen astir 26% successful the past six months of trading and are present 89% disconnected their 52-week precocious of $46. 

Beyond stock price, the steadfast measures SOL held per stock arsenic an indicator of its performance, which has grown to 0.0729 oregon astir 9% successful the past 3 months. 

"By repurchasing shares erstwhile Forward trades astatine a discount to NAV and issuing equity erstwhile our shares commercialized astatine a premium, we dynamically allocate superior successful a mode that compounds SOL per stock and enhances semipermanent intrinsic value," said Navi. 

Moving forward, the steadfast believes its shares volition besides acquisition improved liquidity and accrued visibility arsenic a effect of its inclusion into the Russell 2000 and 3000 indexes. 

Solana Treasury Firm Forward Industries Keeps Trying to Acquire Rivals—But Nobody's Biting

In June, the person among publically traded Solana treasury firms attempted to get immoderate of its different Solana counterparts—including the Solana Company and Brera Holdings—but was unsuccessful successful doing so. 

Last year, Forward purchased its archetypal 6.8 cardinal SOL, amassing a treasury of astir $1.6 cardinal worthy of the cryptocurrency. After accumulating the bulk of its treasury astatine an mean terms of $232 per SOL, the steadfast present finds itself with much than $1 cardinal successful unrealized losses. 

SOL is up astir 3.3% successful the past 24 hours, but has fallen much than 74% from its all-time precocious of $293.