Forward Industries Discloses SOL Holdings Increased to 7.013 Million and Spends $27.4 Million on Stock Buyback

Odaily News Nasdaq-listed Solana treasury company Forward Industries disclosed that its total SOL holdings reached 7,013,536 as of March 18, 2026, an increase of 51,035 compared to the end of 2025. Additionally, the company announced it has entered into an agreement with an institutional investor to repurchase 6,164,324 shares of common stock for $27.4 million. This transaction will reduce its outstanding common shares from 83,142,133 to 76,977,809. Forward Industries stated that the funding for this transaction comes from a $40 million digital currency master loan agreement with Galaxy Digital, which is collateralized by fwdSOL. (Globenewswire)