Forward Industries Inc., a Solana-focused digital asset treasury company based in Austin, Texas, has expanded its treasury holdings by approximately 357,000 SOL, bringing its total to around 8.16 million SOL and SOL equivalents as of Monday’s press release. The additions occurred between August 4 and September 20, with the tokens acquired through purchases and staking rewards at an average cost of $78.26 per SOL. The company’s holdings include a mix of SOL, its proprietary token fwdSOL, pledged SOL, and other equivalents, though the figures remain preliminary and unaudited.
Forward Industries describes itself as a specialized digital asset treasury firm dedicated to buying, holding, staking, trading, and investing in Solana’s native token and related digital assets, protocols, and businesses. The latest addition represents about 1.39% of Solana’s circulating supply, reflecting the company’s strategic accumulation of SOL as part of its broader treasury management approach. The company has not disclosed any immediate plans or further details regarding the use of these holdings, but its focus remains on maintaining and growing its exposure to Solana’s ecosystem.
