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Forward Industries Increased Solana Holdings

The Austin-based firm expanded its digital asset treasury by nearly 950,000 units during the fourth quarter.

Updated on Oct. 1, 2026 in Corporate Finance

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Austin-based Forward Industries added nearly 950,000 units of Solana to its treasury during the third quarter, boosting the firm's total cryptocurrency reserves. AI Illustration. Upload story photo >

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Austin-based Forward Industries added 948,601 SOL to its treasury holdings during the quarter ending September 30, 2026. The increase brings the company's total SOL holdings to 8,501,298 units.

Why it matters

The company is growing its crypto-asset reserves as part of a stated strategy to increase shareholder value. This move reflects a shift in capital allocation for the firm as it continues to leverage staking activities alongside direct asset purchases.

Forward Industries grew its treasury to 8,501,298 SOL, an increase from 7,552,698 units as of June 30, 2026. The company paid an average of $83 per unit during the latest quarter.

The players

Forward Industries

An Austin-headquartered company managing a digital asset treasury.

OnRe

A company in which Forward Industries holds an investment stake.

The details

Forward Industries funded these purchases in part through the sale of FWDI shares. The company's SOL per share on a fully diluted basis rose to 0.0806, up from 0.0730 at the end of the previous quarter. Additionally, the firm's stake in OnRe saw its market capitalization reach $286.2 million, compared to $203.4 million on June 30, 2026.

Timeline

  1. September 30, 2025 marked the start of the fiscal year-over-year growth period.

  2. May 2026 was the date of the firm's initial investment in OnRe.

  3. June 30, 2026 served as the end of the previous fiscal quarter.

  4. September 30, 2026 marked the close of the fiscal fourth quarter.

The Texas Context

Forward Industries' treasury expansion follows a pattern of Texas-based firms increasing their digital asset exposure to drive shareholder value. This move marks a continuation of the company's established investment strategy in crypto-assets like Solana.

Shareholders of the Austin-based firm should track the 0.0806 SOL-per-share metric to monitor the effectiveness of current treasury growth efforts. Residents watching the local tech sector should note that staking activities continue to be a primary driver of the company's reported asset growth.

The takeaway

Investors should keep an eye on the company's SOL-per-share growth rate as a primary indicator of treasury performance. Future quarterly filings will confirm if the average purchase price of $83 aligns with broader market valuations.

Further reading

For more on how local firms are managing capital, visit Corporate Finance.

More information

View the Forward Industries Solana treasury strategy information.

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Would you trust a company that holds a large portion of its treasury in cryptocurrency?