Forward Industries has increased its Solana treasury to about 8.73 million SOL, now holding roughly 1.5% of Solana's circulating supply. The company added over 226,000 SOL tokens between late September and early November, despite the token's price volatility and recent decline toward $80. Forward also secured a $50 million credit facility backed by its staked SOL holdings, allowing continued staking rewards while adding leverage. However, the falling Solana price has reduced Forward's net asset value significantly, highlighting risks tied to crypto-backed loans. The company is diversifying by investing up to $50 million in a tokenized US housing product to generate dollar income and support further SOL accumulation.
Forward Industries and its Solana treasury provide context for cryptocurrency market activity. For readers following the crypto sector, here is Pluang's market snapshot as of Nov 11, 2026 20:42 WIB: out of 50 major cryptocurrencies, 9 rose and 40 fell today. Notable movers include SXP (Solar) down 46.27% at Rp37, ONE (Harmony) down 14.86% at Rp28 with 73% sell order activity, and BAL (Balancer) up 11.14% at Rp16.297.
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