Forward Industries, Inc. (NASDAQ: FWDI) filed a Form 8-K on October 1, 2026, disclosing an update on its Solana-focused treasury strategy for the fiscal fourth quarter ended September 30, 2026. According to the filing, the company increased its holdings of SOL and SOL equivalents by 948,601 tokens during the quarter. This brings the total treasury to 8,501,298 SOL, representing approximately 1.4% of Solana's circulating supply.
The filing details that the SOL acquired during the quarter was purchased at an average cost of $83 per token. The company also reported that its SOL per share on a fully diluted basis increased to 0.0806 as of September 30, 2026, up from 0.0730 as of June 30, 2026. This represents quarterly growth of 10.4%, or approximately 42% on an annualized basis.
The filing includes a capitalization table showing the company’s net asset value of $870,382,702 as of September 30, 2026. The table also notes that the company’s investment in OnRe, a Solana-based tokenized reinsurance platform, grew in market capitalization from approximately $203.4 million at the end of June 2026 to approximately $286.2 million as of September 30, 2026.
The company stated that figures in the press release are preliminary and unaudited and remain subject to completion of the Company’s annual audit.
