{"id":886174,"date":"2025-09-15T08:31:03","date_gmt":"2025-09-15T12:31:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\/"},"modified":"2025-09-15T08:31:03","modified_gmt":"2025-09-15T12:31:03","slug":"forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\/","title":{"rendered":"Forward Industries Now Holds More Than 6.8 Million SOL Tokens as It Commences Solana Treasury Strategy"},"content":{"rendered":"

<\/p>\n

Forward Industries Now Holds More Than 6.8 Million SOL Tokens as It Commences Solana Treasury Strategy<\/b><\/p>\n

Trades Mark Initial Deployment of $1.65 Billion PIPE Led by Galaxy Digital, Jump Crypto, and Multicoin Capital<\/i><\/p>\n

Company\u2019s Position Follows Open Market and On-Chain Purchases<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nForward Industries, Inc. (NASDAQ: FORD) (the “Company” or \u201cForward Industries\u201d), the leading Solana treasury company, today announced initial liquid Solana (\u201cSOL\u201d) purchases totaled 6,822,000 at an average of $232 per SOL for a total cost of approximately $1.58 billion.<\/p>\n

\n\u201cToday\u2019s purchase marks a significant milestone as Forward Industries begins executing its differentiated Solana treasury strategy, built to benefit from one of the fastest growing and most profitable blockchain networks,\u201d said Kyle Samani, Chairman of the Board of Directors of Forward Industries. \u201cWe are building the world\u2019s largest Solana treasury company, a strategy that will both advance the Solana ecosystem and deliver long-term value for our shareholders. We are pleased to make some of our SOL purchases on-chain, which is the first of many activities we expect the Company to do natively on-chain.\u201d<\/p>\n

\nThe Company acquired non-locked SOL through a combination of open market purchases and on-chain transactions, marking the initial deployment of proceeds from its recently closed $1.65 billion private investment in public equity (\u201cPIPE\u201d) financing led by Galaxy Digital (NASDAQ: GLXY), Jump Crypto, and Multicoin Capital. This included a $1 million trade executed via DFlow<\/a>1<\/sup>, a low-latency decentralized exchange aggregator built exclusively for Solana trading applications and on-chain market makers, with liquidity routed through SolFi, one of DFlow\u2019s integrated providers. The on-chain transaction, the first of many for Forward Industries, underscores the ability for Forward Industries to receive the best execution for shareholders, by tapping into different types of trading venues.<\/p>\n

\nThe PIPE financing, which closed on September 11, 2025, marked the largest Solana-focused digital asset treasury raise to date and received participation from global investment firms and angel investors across the digital asset ecosystem, in addition to lead investors Galaxy Digital, Jump Crypto, and Multicoin Capital.<\/p>\n

\nThe Company previously stated its goal to build an institutional-scale treasury that can be deployed in sophisticated ways within the Solana ecosystem to create differentiated value and increase SOL per share at a faster rate than simply being a passive holder. In line with that strategy, Forward Industries has staked all of the Solana it has acquired to date.<\/p>\n

\n\u201cWe are pleased to have built an exceptional SOL treasury in less than a week since closing our PIPE, marking the first step in executing our strategy,\u201d said Michael Pruitt, Interim Chief Executive Officer of Forward Industries.<\/p>\n

About Forward Industries, Inc.<\/b><\/p>\n

\nForward Industries, Inc. (NASDAQ: FORD) is a global design company serving top tier medical and technology companies. For over 60 years the company has been successful in developing and producing a portfolio of outstanding products for some of the world\u2019s leading companies and brands. In September 2025, Forward Industries initiated a Solana treasury strategy dedicated to acquiring SOL and increasing SOL-per-share through bespoke strategies and active management of the company\u2019s treasury. The Company\u2019s Solana treasury strategy is supported by industry leading investors and operating partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital. For more information on the Company\u2019s Solana treasury strategy, visit sol.forwardindustries.com<\/a>.<\/p>\n

Forward Looking Statements<\/b><\/p>\n

\nThis press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as \u201canticipate,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201ccould,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cgoal,\u201d \u201cproject,\u201d and other words of similar meaning. These forward-looking statements address various matters including statements relating to the Company\u2019s plan for value creation and strategic advantages, market size and growth opportunities. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, failure to realize the anticipated benefits of the transactions and the proposed digital asset treasury strategy; changes in business, market, financial, political and regulatory conditions; risks relating to the Company\u2019s operations and business, including the highly volatile nature of the price of Solana and other cryptocurrencies; the risk that the price of the Company\u2019s common stock may be highly correlated to the price of the digital assets that it holds; risks related to increased competition in the industries and markets in which the Company does and will operate (including the applicable digital assets market); risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes, as well as those risks and uncertainties identified in the Company\u2019s filings with the Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements.<\/p>\n

1<\/sup> Transaction ID: 3qJcMu4fAppT1rc5jqBNJcxLB8NtbjWhn3AUaRBAHK45AyjBdKwW45mSaPPaM1AcsLoWfHHEo9dVHGs6uWaSYXM4<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250914533324\/en\/<\/a><\/span><\/p>\n

\nMedia Contact<\/p>\n

Carissa Felger \/ Sam Cohen
\n
Gasthalter & Co.
\n
(212) 257-4170
\n
Forward@gasthalter.com
\n<\/a><\/p>\n

Company Contact<\/p>\n

\nMichael Pruitt
\n
(704) 578-2238
\n
mp@avenelfinancial.com
\n<\/a><\/p>\n

Kathleen Weisberg
\n
(631) 547-3055
\n
kweisberg@forwardindustries.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Manufacturing Technology Medical Devices Health Technology Professional Services Software Manufacturing Health Cryptocurrency IOT (Internet of Things)<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Forward Industries Now Holds More Than 6.8 Million SOL Tokens as It Commences Solana Treasury Strategy Trades Mark Initial Deployment of $1.65 Billion PIPE Led by Galaxy Digital, Jump Crypto, and Multicoin Capital Company\u2019s Position Follows Open Market and On-Chain Purchases NEW YORK–(BUSINESS WIRE)– Forward Industries, Inc. (NASDAQ: FORD) (the “Company” or \u201cForward Industries\u201d), the leading Solana treasury company, today announced initial liquid Solana (\u201cSOL\u201d) purchases totaled 6,822,000 at an average of $232 per SOL for a total cost of approximately $1.58 billion. \u201cToday\u2019s purchase marks a significant milestone as Forward Industries begins executing its differentiated Solana treasury strategy, built to benefit from one of the fastest growing and most profitable blockchain networks,\u201d said Kyle Samani, Chairman of the Board … <\/p>\n

Continue reading “Forward Industries Now Holds More Than 6.8 Million SOL Tokens as It Commences Solana Treasury Strategy”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-886174","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nForward Industries Now Holds More Than 6.8 Million SOL Tokens as It Commences Solana Treasury Strategy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forward Industries Now Holds More Than 6.8 Million SOL Tokens as It Commences Solana Treasury Strategy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Forward Industries Now Holds More Than 6.8 Million SOL Tokens as It Commences Solana Treasury Strategy Trades Mark Initial Deployment of $1.65 Billion PIPE Led by Galaxy Digital, Jump Crypto, and Multicoin Capital Company\u2019s Position Follows Open Market and On-Chain Purchases NEW YORK–(BUSINESS WIRE)– Forward Industries, Inc. (NASDAQ: FORD) (the “Company” or \u201cForward Industries\u201d), the leading Solana treasury company, today announced initial liquid Solana (\u201cSOL\u201d) purchases totaled 6,822,000 at an average of $232 per SOL for a total cost of approximately $1.58 billion. \u201cToday\u2019s purchase marks a significant milestone as Forward Industries begins executing its differentiated Solana treasury strategy, built to benefit from one of the fastest growing and most profitable blockchain networks,\u201d said Kyle Samani, Chairman of the Board … Continue reading "Forward Industries Now Holds More Than 6.8 Million SOL Tokens as It Commences Solana Treasury Strategy"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-15T12:31:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250914533324r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Forward Industries Now Holds More Than 6.8 Million SOL Tokens as It Commences Solana Treasury Strategy\",\"datePublished\":\"2025-09-15T12:31:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\\\/\"},\"wordCount\":931,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250914533324r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\\\/\",\"name\":\"Forward Industries Now Holds More Than 6.8 Million SOL Tokens as It Commences Solana Treasury Strategy - 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(NASDAQ: FORD) (the “Company” or \u201cForward Industries\u201d), the leading Solana treasury company, today announced initial liquid Solana (\u201cSOL\u201d) purchases totaled 6,822,000 at an average of $232 per SOL for a total cost of approximately $1.58 billion. \u201cToday\u2019s purchase marks a significant milestone as Forward Industries begins executing its differentiated Solana treasury strategy, built to benefit from one of the fastest growing and most profitable blockchain networks,\u201d said Kyle Samani, Chairman of the Board … Continue reading \"Forward Industries Now Holds More Than 6.8 Million SOL Tokens as It Commences Solana Treasury Strategy\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\/","og_site_name":"Market Newsdesk","article_published_time":"2025-09-15T12:31:03+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250914533324r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Forward Industries Now Holds More Than 6.8 Million SOL Tokens as It Commences Solana Treasury Strategy","datePublished":"2025-09-15T12:31:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\/"},"wordCount":931,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250914533324r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/forward-industries-now-holds-more-than-6-8-million-sol-tokens-as-it-commences-solana-treasury-strategy\/","name":"Forward Industries Now Holds More Than 6.8 Million SOL Tokens as It Commences Solana Treasury Strategy - 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