Forward Industries Adds 948,601 SOL in Fiscal Q4 2026, Total Holdings Rise to 8.5 Million
AI Market Summary
Forward Industries, described as Solana’s largest treasury company, increased SOL holdings 13% QoQ to 8,501,298 SOL, adding 948,601 tokens (~1.4% of circulating supply) at an average cost of $83. The disclosure signals continued institutional-style accumulation and reduces available float, which can influence near-term liquidity conditions and sentiment around Solana-linked assets.
Impact level
● Medium
Affected assets
SOL/USDT+3.92%
AI Insight · SOL/USDTAI Insight
▲ Bullish
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BlockBeats reported on Oct. 2 that Forward Industries (NASDAQ: FWDI), described as Solana's largest treasury company, released an update on its SOL treasury management strategy for the fiscal fourth quarter ended Sept. 30, 2026. Over the period, the company boosted its SOL and SOL-equivalent holdings by 13%, increasing from 7,552,698 SOL as of June 30, 2026 to 8,501,298 SOL as of Sept. 30, 2026. The net addition of 948,601 SOL is said to represent about 1.4% of Solana's circulating supply. Forward said the newly acquired SOL during the quarter was purchased at an average cost of $83 per token.
