Forward Industries expands Solana holdings to 8.7 million SOL
By Jon CuthbertKey points
- Forward Industries (NASDAQ:FWDI) increased its Solana (SOL) holdings to approximately 8.73 million tokens by 9 November 2026.
- Its SOL per fully diluted share rose 2.3% to 0.0824 over 40 days.
- The company also secured a $50 million credit facility and committed up to $50 million to tokenised US home-price exposure.
Forward Industries, Inc. (NASDAQ:FWDI) increased its Solana (SOL) holdings to 8,727,694 tokens by 9 November 2026.
The company added 226,396 SOL since 30 September, bringing its holdings to approximately 1.5% of circulating supply.
“Just six weeks into the quarter, we have increased SOL per share by 2.3% and added approximately 226,000 SOL to our holdings, marking a strong start to our fiscal year,” according to Ryan Navi, Chief Investment Officer of Forward Industries.
SOL per fully diluted share climbed from 0.0806 to 0.0824 over 40 days, equivalent to 21% annualised growth.
Forward also committed up to $50 million to USHP, co-anchoring the tokenised US home-price index product's $100 million launch.
The company expects income from USHP's income-bearing token to fund further SOL purchases and plans a Solana expansion in 2027.
Forward also appointed Barclays as a sales agent, broadening institutional access to its share offering programme.
Following the update, SOL was trading down 3.2% at $83.07.
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