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Forward Industries increased holdings by over 500,000 SOL in Q3, total position rises to 7.55 million SOL

2026-07-02 01:34

Odaily Planet Daily News: Solana treasury company Forward Industries released its Q3 fiscal year 2026 update. The report shows that the company added over 500,000 SOL this quarter, bringing its total holdings to 7.55 million SOL.

Additionally, the company's fully diluted SOL per share increased from 0.0669 in the previous quarter to 0.0729, representing a 36% annualized quarter-over-quarter growth. During the same period, the company issued 93,642 shares of common stock through At The Market (ATM) offerings, completing accretive financing while trading at a premium to net asset value (NAV).

Forward stated that it will continue to increase SOL per share holdings through public market capital operations (including discounted buybacks and premium issuances) and leverage strategies (using fwdSOL as collateral), and further expand institutional capital channels by being included in the Russell 2000 and Russell 3000 indices.